New Arbitrum Wallet Executes TWAP to Buy $2M Worth of HYPE Tokens While Holding About $7M USDC

COINOTAG News, citing MLM Monitor, reports that a newly created wallet on the Arbitrum network minted about USDC 12.1 million, then moved USDC 5.1 million into Hyperliquid, acquiring 113,000 HYPE tokens (roughly $3 million) and 0.5 BTC (about $43,000). The account is actively pursuing a time-weighted average price (TWAP) program to purchase roughly $2 million more of HYPE over the next 50 minutes, while maintaining around $7 million in USDC on the Arbitrum chain for liquidity management.