Recent on-chain activity shows significant whale accumulation of $HYPE. Multiple large holders have been aggressively positioning themselves, signaling growing confidence in the token. One major wallet deposited 20M $USDC into Hyperliquid and placed substantial limit buy orders around the $15 level, suggesting strong conviction at current valuations. Another significant player moved 10M $USDC to the platform, with their accumulation strategy bringing their total $HYPE holdings to 926,488 tokens—a position now valued at approximately $22.4M. Meanwhile, a third whale committed 7.1M $USDC specifically to acquire 277,420 $HYPE at the $25.6 mark. This coordinated buying pressure from institutional-scale players indicates potential bullish sentiment and could signal an inflection point in market dynamics. Such concentrated capital deployment typically precedes notable price movements, making this accumulation pattern worth monitoring closely for traders tracking whale behavior.