PANews reported on January 31 that, according to on-chain analyst Ai Yi, address 0xd90…2D975 deposited 6 million USDC to Hyperliquid half an hour ago, and subsequently placed two buy orders:

Bitcoin: Bought 73.46 coins (approximately $5 million) in the [$60,555 - $75,555] range;

HYPE: Bought 100,000 tokens, worth approximately $1.77 million, when the price fell to the [$15 - $20.38] range.