A new wallet has deposited 5 million USDC into Hyperliquid and has already purchased $2.39 million worth of HYPE.

CoinFeed reported on April 10 that, according to Lookonchain monitoring, a newly created wallet (0x96eb) deposited 5 million USDC into Hyperliquid to purchase HYPE, and has so far purchased 59,239 HYPE (US$2.39 million).