According to CoinMeta, on-chain analyst Yu Jin reported an update stating that within two days, they have purchased 36 million USDC and converted them into 441,000 HYPE, which have been deposited into staking, with an average price of $81.6 per coin. In addition, they have just transferred another 12 million USDC for the purpose of purchasing HYPE. The current number of HYPE in staking has reached 4.826 million, which, at the current price, is approximately equivalent to $404 million, with a floating profit of about $84.9 million.