A whale deposited $7.37 million in stablecoins into HyperLiquid within 16 hours and increased its holdings by 400,000 HYPE

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