A certain entity is suspected of depositing 22.5 million USDC into Hyperliquid through 5 addresses

PANews|Jul 11, 2025 03:38
According to Spot On Chain monitoring, in the past 10 hours, 5 wallets (suspected to be the same entity) have each deposited 4.5 million USDC into Hyperliquid, totaling 22.5 million USD:
Purchase 99931.55 HYPE coins at an average price of $43.3 per wallet for $4.33 million;
A limit order of 4.5 million US dollars was placed on one wallet.
Three wallets (totaling $13.5 million) have not been used yet.
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