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TechFlow reports, on July 22, according to on-chain analyst Onchain Lens (@OnchainLens), a whale address (0x8177...26ba) pledged 100,000 wstHYPE and 103,000 stHYPE as collateral to borrow a total of 2 million USDC via HyperLend in two transactions (500,000 + 1.5 million). The borrowed funds were subsequently all transferred to Coinbase, suspected to be preparing for subsequent operations on the exchange.
According to monitoring by on-chain analyst Onchain Lens (@OnchainLens), a whale address (0x8177...26ba) used 100,000 wstHYPE and 103,000 stHYPE as collateral to borrow a total of 2 million USDC (500,000 + 1.5 million) in two transactions via HyperLend. The borrowed funds were subsequently all transferred to Coinbase, suspected to be preparing for subsequent operations on the exchange.
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