PANews reported on July 11 that, according to Spot On Chain monitoring, in the past 10 hours, 5 wallets (suspected to be the same entity) each deposited 4.5 million USDC into Hyperliquid, totaling $22.5 million:

  • 1 wallet spent $4.33 million to buy 99,931.55 HYPE at an average price of $43.3.

  • 1 wallet placed a limit buy order for $4.5 million.

  • 3 wallets (totaling $13.5 million) have not been used.