Hyperliquid Whale Adds 34,489 HYPE Tokens With New $2.34M Buy Order

A Hyperliquid (HYPE) whale is expanding its position after generating more than $4.78 million in realized profits.

The wallet, identified as qianbaidu.eth, currently holds 61,032 HYPE tokens valued at around $4.16 million. It recently moved to increase its holdings by depositing $2.34 million in USDC and placing a limit order for 34,489 more HYPE tokens at $68.10, with a portion of the order already filled.

The accumulation comes as HYPE continues to show strong market momentum, with the token gaining 22% over the past month and trading near $68.82.

Source: Onchain Lens