PANews, May 24: According to on-chain analyst Yujin, the whale who transferred 19 million USDC to Hyperliquid to purchase HYPE shortly before its recent all-time high has now converted 16.26 million USDC into 304,000 HYPE tokens at an average purchase price of $53.70. With HYPE rising to $63.50 following its new high, this late-entry purchase has generated an unrealized profit of $2.97 million for the whale.
Whale buys 304,000 HYPE tokens at $53.7, earns $2.97M profit
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Summary
Whale activity on Hyperliquid saw a major player deposit 19 million USDC to purchase HYPE tokens ahead of a sharp price increase. The whale acquired 304,000 HYPE tokens at $53.70 each. As the price rose to $63.50, the whale realized a $2.97 million profit. Whale movements in the market often indicate strong short-term momentum.
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