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On-chain data shows that on December 30th, a large crypto holder was very active. First, they injected 3 million USDC liquidity into the HyperLiquid platform, then immediately purchased 108,501 HYPE tokens at an average price of $25.63 with $2.78 million.
What's more interesting is that this whale account also locked 10,030 HYPE tokens for staking. It seems they are quite optimistic about this project.
In terms of position size and building strategy, this operation is quite substantial. The actions of large holders often reflect the true attitude of market participants towards certain popular tokens. Interested friends can continue to follow the subsequent on-chain movements.