COINOTAG News, citing Onchain Lens analytics, reported a notable whale action on December 8. A dormant address reactivated liquidity by depositing 1.38 million USDC into HyperLiquid, ending a seven-month inactivity period, and simultaneously opening a 1x leveraged HYPE short. The move highlights renewed risk appetite from a single large holder and provides fresh directional signals for HYPE traders and liquidity providers alike, as captured by on-chain data for crypto markets.
According to the same data stream, this whale previously booked a profit of about $1.14 million, illustrating the potential returns embedded in episodic liquidity shifts within DeFi ecosystems. Analysts caution that such activity should be weighed against broader market conditions, network incentives, and risk controls rather than extrapolated into certainty.
Source: https://en.coinotag.com/breakingnews/whale-deposits-1-38m-usdc-into-hyperliquid-opens-1x-hype-short-after-7-months-inactive-earlier-profited-1-14m
