An address has converted 30.5 million USDC into 909,000 HYPE and still holds 14.5 million USDC.

PANews, January 29th – According to on-chain analyst Yujin's monitoring, after more than ten consecutive hours of buying, the address that transferred 45 million USDC into Hyperliquid yesterday to purchase HYPE has already bought 909,000 HYPE with 30.5 million USDC, at an average price of $33.5.

The buying is still ongoing, and the remaining 14.5 million USDC is expected to be fully used to purchase HYPE today.