In a significant move, five wallets, potentially linked to a single entity, have deposited a total of $22.5 million USDC into Hyperliquid over the past 10 hours. One of these wallets has already purchased 99,931.55 HYPE tokens for $4.33 million at an average price of $43.3. Another wallet is actively placing $4.5 million in limit buy orders, while the remaining three wallets, holding $13.5 million, have yet to make any transactions. The crypto community is closely monitoring these developments for further activity.