Latest monitoring: a certain whale deposited 3.77 million USDC into Hyperliquid, sweeping up 107,865 HYPE in one go, with an average purchase price of $34.96.
It's important to note that HYPE is not a small coin; it has a considerable market cap and limited depth. This level of buying is not mere speculation, but rather a declaration of building a position.
The current market is in a correction, and sentiment is flat, yet this whale is heavily investing against the trend—are they crazy or have they made the right bet?
Let's break it down:
🔹 The average purchase price of $34.96 was executed at the recent oscillating bottom range.
🔹 They are not chasing at the top but are taking advantage of the volatility to place large orders and build a position.
🔹 Key point: they are directly entering Hyperliquid's spot market, rather than betting on short-term fluctuations, indicating a genuine purchase, not a gamble.
