A whale withdrew $25 million from exchanges and borrowed 400,000 HYPE

Odaily News According to Onchain Lens monitoring, a newly created address (0x830...7225) withdrew $25 million worth of USDT and USDC from Binance and OKX. Subsequently, it deposited 5 million USDC into HyperLiquid, provided 20 million USDT to HyperLend, and borrowed 400,000 HYPE. Additionally, the address has transferred 5 million USDC to a spot account for purchasing HYPE.