Hyperliquid Whale places $8.09 million $SOL buy order on $USDC

A major crypto whale account has made a notable deposit into HyperLiquid. Specifically, the crypto whale address deposited almost $8.09 million in the form of $USDC before quickly placing several large Solana ($SOL) buy orders. According to OnchainLens data, crypto whales placed notable buy orders of up to $8 million on $SOL. This shows firm confidence in the short-term price outlook for the SOL dollar.

Whale places $8 million $SOL buy order on HyperLiquid after depositing $8.09 million

After depositing $8.09 million worth of $USDC into HyperLiquid, the crypto whale reportedly placed a buy order to buy $59,458 worth of SOL. In this regard, whales placed orders within a narrow price range starting at $133.88 and ending at $135. Therefore, whales believe in short-term price fluctuations while reinforcing their accumulation strategy.

On-chain data highlights the transfer history of whales on HyperLiquid. Notably, the whale made a deposit of almost $8,039,604.25 $USDC. The whale then executed a $8.12 million cross-account trade in $USDC. And right after this, the whale placed an order for $SOL. Additionally, the open order book shows four active buy limit orders with a cumulative amount of $7,999,999.73 (equivalent to $59,458.084 SOL).

Aggressive SOL accumulation is indicative of broader market trends

According to OnchainLens, the crypto whale’s $SOL buy orders appear to be strategically layered while attempting to gain liquidity in a narrow band. This is a common tactic used by high volume traders when looking for effective entry points. The activity of each whale is consistent with the market’s broader fascination with $SOL, as liquidity as well as volatility has increased over the past few weeks. At the same time, Whale also owns 427,441 $HYPE tokens (approximately $11.09 million). Market players are now focused on how this move will impact broader accumulation trends.