An entity allegedly deposited a total of 22.5 million USDC into Hyperliquid through 5 addresses

2025/07/11 11:38

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 to Hyperliquid, totaling 22.5 million US dollars:

  • One wallet spent $4.33 million to buy 99,931.55 HYPE at an average price of $43.3;
  • One wallet placed a limit buy order for $4.5 million.
  • 3 wallets (with a combined $13.5 million) remain unspent.
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