COINOTAG News (Aug 28) reports that, per Onchain Lens monitoring, the wallet qianbaidu.eth deposited $5.72 million into Hyperliquid and purchased 81,572.11 HYPE for roughly $3.94 million, as recorded on-chain.

The same large-holder wallet now holds $1.787 million USDC and has placed a $48.2 limit buy order for HYPE, data indicates, with the transactions reflected in the protocol’s order book and the wallet’s position.