Back

Whale Deposits $19.38M USDC to Buy More HYPE on Hyperliquid

Onchain Lens reports a whale placed $19.38 million USDC into HyperLiquid to acquire HYPE, with holdings now exceeding $25 million and further buy orders pending.

USDC
HYPE
FARTCOIN

Summary

According to Onchain Lens, a major crypto whale deposited $19.38 million in USDC into HyperLiquid to purchase HYPE tokens. The whale currently holds 555,608 HYPE valued at $25.62 million and 2.16 million FARTCOIN worth $2.026 million. Additionally, pending buy orders for HYPE are set between $45 and $46.05, signaling plans for continued accumulation.

Terms & Concepts
  • USDC: A U.S. dollar-pegged stablecoin used in cryptocurrency trading and transactions.
  • Whale: A term for an individual or entity that holds large amounts of a cryptocurrency, capable of influencing market prices.
  • Hyperliquid: A cryptocurrency trading platform where users can trade digital assets such as HYPE.