Intraday multi-address cumulative purchase of $17.81 million HYPE, suspected institutional participation

According to Lookonchain monitoring, in the past 24 hours, three whale or institutional addresses deposited a total of $37.17 million $USDC into Hyperliquid to purchase $HYPE, accumulating 390,434 $HYPE, worth approximately $17.81 million.
One of the addresses is suspected to be related to Anchorage Digital, depositing $4.50 million $USDC through 5 newly created wallets, totaling $22.50 million, and has purchased 139,662 $HYPE ($6.37 million).
In addition, address 0x7E4E deposited $8.48 million $USDC and purchased 188,449 $HYPE at an average price of $45; address 0x34b6 deposited $6.19 million $USDC and has purchased 62,322 HYPE. [Odaily Planet Daily]