5 million is useless, the currency price has halved by more than 50%

The native token of Hyperliquid$HYPE has recently gained some traction, with a price increase of nearly 5%, reclaiming the $25 mark. It's not hard to guess the driving force behind this surge — large investors are on the move.
On-chain data shows that two large wallets recently invested $5 million in USDC to scoop up $HYPE. One of the wallets made a larger move, holding 214,497 HYPE, worth $5.44 million; the other isn't lagging either, with 102,460 HYPE, valued at $2.61 million. Interestingly, these two wallets also hold a substantial amount of USDC, indicating they plan to continue increasing their positions.