Four major wallets have invested $6.14 million in USDC to acquire HYPE tokens on Hyperliquid, as reported by CryptoPotato. This investment comes amid heightened market volatility, with HYPE trading at $39.07 and a 24-hour trading volume exceeding $230 million. The strategic move precedes the July 15 launch of the Kinetiq platform, where over 1 million HYPE tokens, valued at approximately $40 million, are set to be unstaked. The whale activity suggests a significant repositioning of tokens, with expectations that these assets will be restaked through Kinetiq, a new liquid staking platform. Hyperliquid's ecosystem is expanding, with Phantom providing perpetual trading access via its wallet interface, initially targeting EU users. The current HYPE price is near a major short position cluster, indicating a potential short squeeze if the price surpasses $42.