Wallet 0xCfd (likely Amber Group) further bridged 4.88M USDC to Hyperliquid and spent a total of $7.22M to buy 342,845 HYPE at an average price of $21.06 in the past 17 hours:

• USDC bridge transaction 1: 0xea8f6170dbd7ec111b9bf2db7872e980fb2a0faede1bf05896a7665d28cee0f2
• USDC bridge transaction 2: 0xcd040e0f6d827f86a2b5da3fa742c3b4281b1ed505483d2e90fd6142a0412b82
• USDC bridge transaction 3: 0xaabdefa4b22517e170ce3d8926da21088ec5884c9115d835af366ae22473000e
• address: 0xcfdb74a8c080bb7b4360ed6fe21f895c653efff4
• This address likely belongs to the entity Amber Group

Currently, this wallet holds 730,749 HYPE ($16M) with an all-time profit of $6.56M. It appears that institutions are seizing the HYPE dip!

Fig 1. Wallet 0xCfd (likely Amber Group) further bridged 4.88M USDC to Hyperliquid in the past 17 hours.

Fig 2. The current HYPE holding and PnL of Wallet 0xCfd (likely Amber Group).