TechFlow reports that on March 20, according to on-chain analyst Onchain Lens (@OnchainLens), a whale deposited $7.37 million in stablecoin USDC into the hyper-liquidity protocol HyperLiquid over the past 16 hours and used $5.94 million to purchase 400,059 HYPE tokens.
The analyst noted that the whale's wallet still holds $1.42 million, which may be used for further accumulation of HYPE tokens.
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