PANews reported on January 6th that, according to Onchain Lens, a whale deposited $12.5 million USDC into HyperLiquid to purchase 10,152.8 HYPE tokens (approximately $270,000) and staked them. Simultaneously, the address made three ETH transactions, quickly profiting $36,092, and then placed a long order to open a 3,500 ETH (approximately $11 million) long position in the $3,190–$3,215 range.

