Summary
- The whale investor opened a new wallet and deposited about $4 million worth of USDC into Hyperliquid.
- The investor reportedly purchased about 58,778 HYPE tokens worth $2.89 million.
- Recently, Hyperliquid has drawn market attention as trading volume and fee revenue have surged.
A whale investor opened a new wallet, deposited a large amount of funds into Hyperliquid, and then purchased HYPE tokens.
On the 5th, on-chain analytics platform Lookonchain said on X (formerly Twitter) "the whale investor created a new wallet address starting with 0xb0a0 and deposited approximately $4 million worth of USDC into Hyperliquid," and "has so far purchased about 58,778 HYPE tokens (about $2.89 million)."
Meanwhile, Hyperliquid is a decentralized exchange (DEX) based on perpetual futures, and has recently attracted attention due to a surge in trading volume and fee revenue.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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