Two major cryptocurrency holders, known as whales, have deposited a total of 73 million USDC on the Hyperliquid platform to mitigate liquidation risks associated with their short positions on XPL. According to Lookonchain monitoring, the deposits were made by two addresses: 0x142a, which contributed 44 million USDC, and 0x0Aa9, which added 29 million USDC. This move is seen as a precaution against potential market manipulation that could impact their positions.
Whales Deposit 73 Million USDC to Hyperliquid Amid XPL Shorting
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