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New whale makes massive move: $25 million withdrawn from exchange, Hyperliquid ecosystem becomes the focus
【ChainNews】On-chain data shows that a recently activated wallet withdrew a total of 25 million USDT and USDC from a top-tier exchange and a major exchange. Interestingly, this fund quickly entered the Hyperliquid ecosystem—first depositing 5 million USDC into the platform, then supplying 20 million USDT in HyperLend, and borrowing 400,000 HYPE.
What’s more noteworthy is that an additional 5 million USDC was transferred to a spot wallet. This move clearly signals that the player is preparing to buy HYPE. From withdrawing, borrowing, to spot holdings, the entire operation appears highly professional, indicating a strategic layout within the Hyperliquid ecosystem.