A certain whale bought 304,000 HYPE tokens at a high price, currently sitting on a unrealized gain of $2.97 million.

BlockBeats News, May 24th, according to on-chain analyst Yu Jin's monitoring, a whale transferred 19 million USDC to Hyperliquid to purchase HYPE a few days ago before the breakout to a new high. Currently, they have converted 16.26 million USDC into 304,000 HYPE, with a purchase cost of $53.7 per token.

Following the surge in HYPE to $63.5 after reaching a new all-time high, their buying the dip operation has brought them $2.97 million in unrealized gains.