A whale bought HYPE at a high price and is now making a profit of $2.97 million.

CoinFeed reported on May 24th that, according to on-chain analyst Yu Jin, a whale who transferred 19 million USDC to Hyperliquid to buy HYPE a few days ago before HYPE broke through to a new high has now converted 16.26 million USDC into 304,000 HYPE tokens, with a purchase cost of $53.7. As HYPE subsequently broke through to a new high of $63.5, his high-price purchase has resulted in a floating profit of $2.97 million.