According to on-chain analytics platform Lookonchain (@lookonchain), HYPE briefly surged above $50. Over the past three hours, whale address 0xf605 deposited 19 million USDC into Hyperliquid to purchase HYPE. To date, this address has accumulated 76,600 HYPE tokens, worth approximately $3.8 million, with purchases still ongoing.
Whale deposits 19M USDC on Hyperliquid to buy HYPE
TechFlowShare
Summary
A whale address (0xf605) transferred 19 million USDC to Hyperliquid in the past three hours to purchase HYPE tokens. On-chain data shows this address has already acquired 76,600 HYPE tokens, worth approximately $3.8 million. The purchasing activity is still ongoing, with crypto news platforms such as TechFlow monitoring the transaction flow.
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