🚨 WHALE ALERT: $3.12M USDC DEPLOYED INTO HYPE AT HIGH LEVELS On May 31, on-chain data revealed a major whale move shaking the Hyperliquid market. A large wallet has deposited 3.12 million USDC and aggressively accumulated 45,887 HYPE at an average price of $68.09, a level already considered elevated after the recent strong rally. 💥 Key highlights: •Not a gradual DCA strategy •Not a small test position •But a large immediate entry at high market levels This has sparked a clear divide among traders: 🐂 Bullish camp: Sees this as a signal of continued “smart money” confidence, suggesting HYPE may still have momentum for another breakout leg. 🐻 Cautious camp: Warns this could be a late-stage entry, increasing risk of being trapped if a correction follows. 📊 With HYPE experiencing strong volatility and increasing whale activity, each large transaction is now acting as a potential market sentiment trigger. ⚡ The big question now: Is this the start of another leg up—or a short-term top before a deeper pullback? #ICEBacksOKXOilPerps #HYPEAllTimeHigh $HYPE