20 million USDC firepower is unleashed, HYPE is targeted by whales! Is this bottom fishing or a warm handout?
On-chain monitoring shows that 7 hours ago, a whale directly dumped 20 million USDC into Hyperliquid, immediately followed by a lavish purchase of 5.97 million US dollars, acquiring 165,366 HYPE at an average price of 36.08 US dollars.
Liquidity was instantly ignited
Short-term prices immediately formed support
Market sentiment was stirred, retail investors are getting restless
Do you think this is smart money bottom fishing, or a strategy to harvest retail investors? Feel free to join the discussion.
