Huo Xing Finance reports that on May 24, according to on-chain analyst Yujin, a large whale transferred 19 million USDC to Hyperliquid to purchase HYPE shortly before its recent all-time high. The whale has since converted 16.26 million USDC into 304,000 HYPE tokens at an average purchase price of $53.70. With HYPE rising to $63.50 after breaking its previous high, this late-entry purchase has generated an unrealized profit of $2.97 million.
Whale buys 304,000 HYPE at $53.7, earns $2.97M profit
MarsBitShare
Summary
Whale activity on Hyperliquid saw a major player deposit 19 million USDC to purchase HYPE ahead of a sharp price increase. The whale later converted 16.26 million USDC into 304,000 HYPE at $53.7. With HYPE reaching $63.5, the whale now holds a $2.97 million unrealized profit. Whale movements in the market continue to attract attention from traders and analysts.
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