Whale Deposits $8M USDC to Buy 166,820 HYPE Tokens
An on-chain whale first deposited 5.09 million USDC into HyperLiquid to buy 114,545 HYPE tokens at $44.48, netting over $640,000 profit. Following this, the same whale placed an 8 million USDC deposit to acquire 166,820 HYPE tokens at $47.14, having realized $7.85 million profit trading HYPE. This renewed whale accumulation highlights growing institutional interest in the HYPE token. Traders should monitor HYPE token price action, whale wallet activity, and HyperLiquid order book depth for potential momentum shifts and breakout opportunities.
Bullish
The significant USDC deposits by a crypto whale on HyperLiquid demonstrate strong buying pressure and renewed institutional interest in the HYPE token. Large whale accumulation typically drives short-term price spikes and can signal a bullish breakout. Over the long term, sustained whale activity and increased order book depth may support higher price floors and continued upward momentum for HYPE.