A whale initiates a $4.37 million ETH DCA buy on Hyperliquid

According to monitoring by Onchain Lens, a whale deposited $4.2 million USDC into the decentralized exchange Hyperliquid and initiated a $4.37 million ETH TWAP (Time-Weighted Average Price) buy order. The order target is to purchase approximately 2,432 ETH, with an average buy price of around $1,795. The order is currently about 43% complete, with 1,046 ETH purchased.

Data shows that the account currently holds assets worth approximately $18.77 million, with a historical cumulative profit and loss (PnL) of around $398,000.