Onchain Lens tracked a large whale on November 19, depositing 4.87 million USDC into Hypeliquid and opening a 20x leveraged ETH long across two wallets.

The same address spent 387,861 USDC to acquire 10,043 HYPE tokens at 38.6 USDC per token, subsequently staking them.

This on-chain flow underscores ongoing liquidity engagement across DeFi protocols and staking activity within the Hypeliquid ecosystem, reflecting measurable on-chain signals tracked by market analytics.