Whale Deploys $12M USDC to Buy 180K HYPE on Hyperliquid
On October 5, on-chain data showed a crypto whale create a new wallet and deposit 4 million USDC into Hyperliquid to acquire 58,778 HYPE, valued at about $2.89 million. Shortly after, the same Top36 HYPE whale deposited another 8 million USDC via two TWAP orders, accumulating 122,000 HYPE worth $4.83 million. Following these transactions, its total HYPE holdings on Hyperliquid stand at roughly $5.5 million in value. The use of TWAP orders indicates a strategic accumulation designed to minimize market impact. Combined whale-driven inflows of $12 million USDC for nearly 180,800 HYPE tokens signal potential bullish momentum for HYPE. Traders should monitor the HYPE orderbook and price action on Hyperliquid for short-term rallies.
Bullish
The whale’s combined $12 million USDC accumulation for nearly 180,800 HYPE tokens exerts significant buy-side pressure and reduces available liquidity, which typically drives price appreciation. The strategic use of TWAP orders further indicates a deliberate accumulation approach to avoid slippage, suggesting confidence in HYPE’s future upside. In the short term, this buying activity may trigger rallies as traders follow the whale. Over the long term, large-scale whale interest can underpin stable price support and attract further momentum.