Hyperliquid Whale Deposits 2M USDC to Coinbase After Borrowing Against 203K HYPE Tokens

HYPE-6.69%
According to Onchain Lens, a Hyperliquid whale deposited 2 million USDC to Coinbase today after borrowing the stablecoin from HyperLend. The address (0x8177b8dae5b3ce7de2ca6e5449ffc6aab2f626ba) had pledged 100,000 wstHYPE and 103,000 stHYPE as collateral to secure the loan.
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