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.