Major Whale Accounts Inject 37.1 Million USDC into HYPE, Building Strong Positions

According to OnchainLens data reported by PANews in mid-December, three major whale wallets have made significant moves on Hyperliquid, collectively pouring 37.1 million USDC to accumulate HYPE tokens. This coordinated activity reveals substantial institutional or sophisticated trader interest in the token, with each account demonstrating distinct accumulation strategies.

Wallet 0x23A: Fresh Entry with Aggressive Positioning

A newly created wallet labeled “0x23A” initiated its HYPE position by injecting 7.1 million USDC, immediately deploying the capital to purchase 277,420 HYPE tokens at an entry price of $25.59 per token. This aggressive initial move suggests confidence in HYPE’s value, as the account chose to deploy its entire position immediately rather than spread purchases over time.

Whale 0xE86: Sustained Accumulation Strategy

The most active player in this accumulation phase is whale “0xE86,” which transferred 10 million USDC in this particular transaction—adding to 15 million USDC deployed across just two days. This account has successfully accumulated 414,997 HYPE tokens worth approximately $10.19 million at current valuations. Notably, the whale maintains 5.7 million USDC in available funds, signaling intentions for additional purchases. The account also holds 501,494 HYPE pledged as collateral, representing roughly $12.3 million in committed capital.

Whale 0x5Ae: Large-Scale Buy Setup

The third major player, “0x5Ae,” transferred 20 million USDC and placed buy orders for HYPE at $15 per token. This significantly lower entry price target suggests the whale is willing to wait for a pullback, positioning for even larger accumulation if market conditions allow.

What This Signals for the Market

The combined 37.1 million USDC deployment across these three accounts demonstrates confidence in HYPE’s medium-term prospects. With current prices hovering around $20.82, these whales are strategically positioned across different price levels ($15 to $25.59), hedging their bets while collectively moving substantial liquidity into the token. Such coordinated whale activity often precedes meaningful price movements, making this accumulation pattern worth monitoring closely.