PANews January 28, 2023 — According to on-chain analyst Yujin's monitoring, an address has transferred 45 million USDC into Hyperliquid to purchase HYPE spot tokens. So far, the address has spent $10.84 million to acquire 325,000 HYPE tokens at an average price of $33.3 per token, and is still continuously buying.
One Address Transfers 45M USDC to Hyperliquid to Buy HYPE Spot
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Summary
On-chain data shows that a single address deposited 45 million USDC into Hyperliquid on January 28 to purchase HYPE spot tokens. So far, the address has spent 10.84 million USDC to buy 325,000 HYPE tokens at $33.3 each and is still buying. This move adds HYPE to the list of altcoins to watch amid increasing on-chain activity.
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