Whale Use $12M USDC Buy 180K HYPE for Hyperliquid
On October 5, on-chain data show say one crypto whale create new wallet come put inside 4 million USDC for Hyperliquid to buy 58,778 HYPE wey worth about $2.89 million. Shortly after, the same Top36 HYPE whale put another 8 million USDC through two TWAP orders, gather 122,000 HYPE worth $4.83 million. After these transactions, e total HYPE dem get for Hyperliquid dey around $5.5 million in value. The use of TWAP orders show say na strategy to gather wey wan reduce how e go affect market. Combined whale-driven inflows of $12 million USDC for nearly 180,800 HYPE tokens dey show say HYPE get chance to go up. Traders suppose dey watch the HYPE orderbook and price movement on Hyperliquid for short-term rallies.
Bullish
Di whale dem don gather up $12 million USDC totall for nearly 180,800 HYPE tokens wey dey put heavy pressure for buying side and e reduce di available liquidity, wey usually make price to go up. Di way dem dey use TWAP orders na to collect well well so dat no go get slippage, dis show say dem get confidence for HYPE future price. For short term, dis kain buying fit trigger rallies as traders dey follow di whale. For long term, big whale interest fit hold price steady and attract more momentum.