Whale Bets $15M on Hyperliquid After Market Dip

September 22, 2025 – The crypto whale behind wallet address 0x50dE6ef4D11B263DC2e4547602E963355E17dC81, bold after today’s market dip, deposited $15 million USDC into Hyperliquid and promptly opened long leveraged positions on Bitcoin (BTC), Solana (SOL), Hyperliquid’s native token (HYPE) and the meme coin, Pump (PUMP).

Whale’s Deposit and Immediate Moves

Lookonchain notes that the whale moved 15,010,002 USDC from Arbitrum into Hyperliquid. The capital was, within minutes deployed into long positions, a clear indication of a belief in a recovery

• BTC: A whale opened several positions worth about ~$22.4M purchasing between 112,680 and 112,880.
• SOL: $4.4M was spent on Solana longs with buys ranging between $219.9 and $222.4.
• HYPE: $1.2M dollar position at $48.22 – Showing confidence in Hyperliquid’s own ecosystem token.
• PUMP: Took a smaller, but very symbolic position of $120K with buys in the 0.0058-0.0063 range.

Either way, the total value of this whale’s open interest sits at ~$28.2M which is well above that $15M deposit, making 2x leuseor more, a certainty.

Market Context: Buying the Dip

This coincided with a mass sell-off of the crypto market. This accumulation through longs on flagship assets and tokens tied to its ecosystem looks like an attempt from the whale to capitalize on a recovery short-term rally. Both BTC and SOL also offer exposure to blue-chip digital assets. HYPE is a speculative long bet on Hyperliquid, irrespective of the upcoming token unlock fiasco. PUMP is a extremely speculative/meme token, and while it has the highest risk/reward, it is part of the portfolio. The speed of the execution, within 7 minutes, point at a calculated “buy the dip” behavior, which has been observed during the early European hours when global liquidity tends to be at its peak.