According to @OnchainLens, a whale deposited $2.8M USDC into HyperLiquid and purchased 52,020 HYPE at an average price of $53.96, equating to roughly $2.807M in notional exposure (source: twitter.com/OnchainLens/status/1969601029143740786). The same wallet shows 420,556 HYPE staked valued at $22.72M, indicating a large locked balance at the time of observation (source: hypurrscan.io/address/0xFa0F450d61aCd11bC0F6A986260fC25C1758Ccb9). For traders, the executed fill price of $53.96 provides a clear on-chain cost basis to monitor for liquidity and order flow around that level (source: twitter.com/OnchainLens/status/1969601029143740786).