A colossal Bitcoin whale holding over $10 billion in BTC just sent another $363.81 million to the decentralized trading giant Hyperliquid.
That, according to the on-chain analytics firm Arkham.
The move comes just two months after the whale sold $5 billion in BTC for the stablecoin USDC, and then used the funds to buy Ethereum (ETH).
Arkham says the whale continues to use Hyperunit, which serves as the bridging protocol that funnels assets like BTC directly into Hyperliquid’s trading ecosystem.
According to Arkham’s on-chain transaction data, the whale first sent a small 0.002 BTC transaction worth about $250 before sending over the massive pile of crypto.
Even after the massive transfer, the whale still controls about 29,300 BTC in its primary wallet, valued at around $3.56 billion at current prices.
One BTC is worth about $121,529 at time of publishing, down 2.38% in the last 24 hours.
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