Two large on-chain wallets have moved nearly $9.7 million in USDC into Hyperliquid, placing concentrated bets on HYPE in what looks like a coordinated accumulation play. Wallet 0x4c64 deposited 7.26M USDC and spread limit orders across multiple wallets targeting a $30.88–$35.88 entry range, suggesting a deliberate ladder strategy rather than a single market buy.
Wallet 0x7fA7 took a more direct approach, depositing 2.43M USDC and immediately buying 62,230 HYPE at market for the full amount. Together, the two positions represent a meaningful vote of confidence in HYPE at current levels — and the limit-order ladder from 0x4c64 signals expectations of near-term price discovery within that band.
Source: [HypurrScan Beta](https://hypurrscan.io/address/0x4c6452F18D5967F1f7e9884BC5cDFC60452E015A#orders)
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