A whale withdrew 40 million USDC from Binance and used it to buy HYPE in batches on Hyperliquid.

CoinFeed reported on May 20th that, according to Lookonchain, an address 0x92ea withdrew 40 million USDC from Binance, of which 10 million USDC were transferred to Hyperliquid for the purchase of HYPE. On-chain data shows that this address has currently purchased a total of 22,700 HYPE, amounting to approximately $1.16 million, and the purchase activity is still ongoing.