A giant whale deposited $7.37 million stablecoin into HyperLiquid within 16 hours and increased its holdings 400,000 HYPE

According to on-chain analyst Onchain Lens, in the past 16 hours, a giant whale deposited $7.37 million stablecoin USDC into HyperLiquid and purchased 400,059 HYPE tokens for $5.94 million. Analysts said that the giant whale wallet still holds $1.42 million of funds, which may be used to further increase the holdings of HYPE tokens.