PANews reported on May 12 that according to Onchain Lens monitoring, a giant whale deposited 2.29 million USDC into the Hyperliquid platform and opened a long position in PEPE with 3x leverage.

Previously, the whale had deposited 5 million USDC and purchased 319,591 HYPE at $15.64. It currently holds a floating profit of $2.99 million.