The wallet posted 100,000 wstHYPE and 103,000 stHYPE on HyperLend, borrowed 2 million USDC in two transactions, and transferred the full amount to Coinbase, according to Onchain Lens data cited by Odaily.
A Hyperliquid whale used staked HYPE holdings as collateral on HyperLend, borrowing 2 million USDC after pledging 100,000 wstHYPE and 103,000 stHYPE. Onchain Lens, cited by Odaily, said the borrowing was split into two transactions of 500,000 USDC and 1.5 million USDC, after which the wallet transferred the full 2 million USDC to Coinbase. The address involved was identified as 0x8177b8dae5b3ce7de2ca6e5449ffc6aab2f626ba. Such exchange deposits are often monitored for signs of liquidity management, trading activity, potential selling, or portfolio repositioning.