PANews reported on November 19 that, according to Onchain Lens monitoring, a whale deposited 4.87 million USDC into HyperLiquid and opened a 20x leveraged long position in ETH through two wallets.

The whale simultaneously used 387,861 USDC to purchase 10,043 HYPE tokens at an average price of $38.60 and has already sent them to the staking address.