PANews reported on October 8th that, according to Onchain Lens monitoring, a Bitcoin whale, which had been converting Bitcoin to Ethereum, has deposited 3,000 BTC (worth $363.92 million) into HyperLiquid and begun converting them to the stablecoin USDC. To date, the whale has sold 960.57 BTC for 116 million USDC, leaving it holding 46,765 BTC (worth $5.7 billion).

