Whale Investor Makes $8.77 Million USDC Deposit, Purchases $8.66 Million in HYPE Tokens

The whale deposited $8.77 million USDC to purchase 215,850 HYPE tokens at $40.11 each.

Despite short-term losses, the whale’s all-time profit stands at $8.84 million.

The whale shows confidence in HYPE's long-term potential, with a 24-hour recovery of $20,072.48.

A whale investor on the HyperLiquid platform made a major transaction, depositing $8.77 million USDC into their account three hours ago. The funds were used to purchase 215,850 HYPE tokens, which were acquired at an average price of $40.11 each. This sizable purchase represents a major investment in the HYPE token, adding to the whale’s position in the asset.

Transaction Details and Holdings

Following the deposit, the whale’s holdings now include $129,571.63 in USDC, with a total of 8,660,119.59 HYPE tokens. This HYPE holding is valued at $8.66 million and is ranked 76th in the market.

At the time, the whale experienced a loss of $2,165.19 on their HYPE position, which translates to a 0.02% loss. Despite the recent loss, the overall value of their portfolio shows a significant presence in the market. Looking at the investor’s broader performance, the all-time profit stands at $8.84 million.

However, the whale has faced losses over the last 30 days, with a recorded decrease of $1.13 million. Over the past seven days, the investor’s portfolio saw a larger dip, losing $1.17 million. Despite the losses in recent weeks, the whale’s 24-hour performance shows a recovery, with a gain of $20,072.48, indicating some positive movement.

Referral Activity and Trading Fees

The whale’s profile also shows referral activity, with 0.47 USD earned through their referral code “OUTPXCE.” The platform’s fee structure shows a 0.32% fee for perpetual contracts and a 0.45% fee for spot trades.

Additionally, maker fees for perpetual contracts are slightly lower at 0.32%, compared to the 0.35% taker fees. These fees reflect the investor’s ongoing activity in the market, with both spot and perpetual contracts being utilized.

Despite the short-term losses on their HYPE position, the whale’s strategy remains focused on long-term investment. The substantial deposit into USDC and the purchase of HYPE tokens show continued confidence in the market. Even with recent market fluctuations, the investor’s all-time profit of $8.84 million suggests a well-executed investment strategy over time.

This large transaction and the investor’s ongoing activity signal confidence in the potential growth of HYPE. The whale’s ability to weather short-term market shifts demonstrates a commitment to long-term growth in the HyperLiquid platform. The transaction also highlights the risks involved in investing large sums in volatile assets, such as the HYPE token.

The whale investor’s recent actions on the HyperLiquid platform underline both the opportunities and risks in the current market. With substantial investments in HYPE tokens and a history of large trades, the whale shows a strong presence in the market. However, recent fluctuations in their portfolio also reflect the volatility that comes with investing in high-risk assets.