币界网报道：A crypto whale has deposited 20 million USDC into the decentralized exchange Hyperliquid, accumulating a significant position in the HYPE token. According to on-chain data, the whale began purchasing HYPE at an average price of $0.0006 per token, amassing approximately 162,000 HYPE with an unrealized profit of around $250,600 at current prices. The whale's activity has drawn attention as HYPE's price surged over 400% in the past week, fueled by growing interest in Hyperliquid's perpetual futures trading platform. Analysts note that the whale's large deposit could signal further accumulation or potential market-moving trades ahead. Hyperliquid, which operates on the Arbitrum network, has seen its total value locked (TVL) rise sharply amid the recent hype, crossing $50 million as traders flock to its low-fee, high-leverage offerings. The platform's native HYPE token serves governance and fee discount purposes, with its price rally reflecting increased platform usage. Market observers are watching whether the whale's position will lead to profit-taking or continued accumulation as HYPE's volatility remains elevated. The move comes as decentralized derivatives platforms gain traction against centralized exchanges, with Hyperliquid emerging as a competitive player in the perpetual futures market.