According to recent data from the blockchain monitoring platform Onchain Lens, a mysterious whale has made a significant move. The user deposited up to 3 million USDC into the decentralized exchange Hyperliquid.
In tandem, the whale placed large buy orders for HYPE tokens within a price range of $22 to $28. This move signals strong confidence in the future value of the token.
Industry analysts noted that such substantial capital injections often indicate a shift in market sentiment or a potential upward trend. Investors should closely monitor future market activity and volume changes to seize possible opportunities.