Onchain Lens reported that a Hyperliquid whale used 100,000 wstHYPE and 103,000 stHYPE as collateral on HyperLend to borrow 2 million USDC. After the loan was issued, the same 2 million USDC was moved to Coinbase. The address tied to the transaction was identified as 0x8177b8dae5b3ce7de2ca6e5449ffc6aab2f626ba. The update was published by Odaily as a brief on-chain activity report under its whale-movement coverage. No additional transaction motive or follow-up action was disclosed in the source.
According to Onchain Lens, a Hyperliquid whale posted 100,000 wstHYPE and 103,000 stHYPE as collateral on HyperLend, borrowed 2 million USDC, and then deposited the 2 million USDC to Coinbase.
The address involved was 0x8177b8dae5b3ce7de2ca6e5449ffc6aab2f626ba.
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