Whale Dumps $19M USDC Into Hyperliquid as HYPE Briefly Cracks $50!

A single whale address (0xf605) deposited 19 million USDC into Hyperliquid over a three-hour window, using the capital to accumulate HYPE as the token briefly broke above the $50 mark. The wallet has so far purchased 76,600 HYPE tokens worth approximately $3.8 million, with buying reported as still ongoing at the time of the alert.

The $50 level has acted as a psychological resistance point for HYPE, and a coordinated nine-figure USDC deployment at that exact threshold is the kind of on-chain signal that tends to draw follow-on attention from other large participants. Whether the whale is building a longer-term position or executing a shorter-duration momentum trade, the sheer size of the USDC deposit — 19 million — means there is significant dry powder still available if the buying continues.

Hyperliquid has been one of the more closely watched decentralised perpetuals venues this…