Lookonchain and Onchain Lens reported multi-million-dollar HYPE whale activity, including $9.69 million in accumulation on Hyperliquid and a 5x leveraged long that turned profitable after HYPE rose above $45.
Lookonchain and Onchain Lens reported sustained whale activity around HYPE, spanning both spot-style accumulation and leveraged derivatives exposure. Lookonchain tracked 9.69 million USDC deployed on Hyperliquid, including one address that deposited 7.26 million USDC, transferred 4.76 million USDC across four addresses, and placed HYPE limit buy orders between $30.88 and $35.88, while another address deposited 2.43 million USDC and bought 62,200 HYPE worth $2.43 million. Onchain Lens separately reported on May 14 that another whale bought 69,308 HYPE for $2.74 million at $39.46 per token. In a later update, Onchain Lens said a whale’s 1.38 million HYPE position, structured as a 5x leveraged long valued at $62.64 million, swung to more than $9 million in unrealized profit after HYPE rose above $45, following an earlier drawdown of more than $26 million in unrealized losses and $2.3 million in funding fees.