A certain whale spent $12 million to purchase 256,000 HYPE.

According to ChainCatcher, analyst Yu Jin has monitored that whale qianbaidu.eth, who made $1.93 million on HYPE three months ago, has recently bought back HYPE worth $12 million over the past two days.

In the past two days, he transferred 14 million USDC into Hyperliquid, and has already used 12 million USDC to purchase 256,000 HYPE at a price of $46.9 each.