A new wallet bought $21.45 million worth of HYPE and $2.14 million worth of UFART in the past 6 hours

According to on-chain analyst Ember, a newly created address has purchased 466,000 HYPE (US$21.45 million) in the past six hours. This address was created in the early morning hours and subsequently withdrew 23.51 million USDC from Binance and Crypto.com, depositing it into Hyperliquid. The address then purchased 466,000 HYPE (US$21.45 million at a price of US$45.69) and 2.16 million UFART (US$2.14 million at a price of US$1.02).