Whale Developer Expects Rally in DeFi Exchange's Altcoin: Invested 4.8 Million Dollars! - Coin Bulletin

A cryptocurrency whale drew attention by making a massive buy out of 4.8 million dollars in a single transaction for Hyperliquid, a Layer-1 (L1) blockchain project.

According to the on-chain analysis platform Lookonchain, a whale recently bought approximately 417,066 HYPE for about 4.8 million dollars. The token, which rose shortly after the purchase price level of 11.51 dollars to 11.78 dollars, provided the investor with a profit of approximately 116 thousand dollars within a few hours.

Hyperliquid (HYPE), is defined as a Layer-1 (L1) blockchain network that is developed from scratch and fully focused on performance, providing high speed and low transaction costs. The project aims to create an open financial ecosystem where users can develop applications and easily integrate them. With this structure, HYPE aims to provide an ideal infrastructure for DeFi applications, maximizing user experience.

According to CoinGecko data, HYPE is trading at $12.25 with a decrease of 0.3% in the last 24 hours.

DEFI-2.37%
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