A whale stakes 74,000 SOL to borrow 4 million USDC and acquires HYPE
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According to a report by Jinse Finance, monitored by on-chain analyst OnchainLens (@OnchainLens), a whale staked 74,000 SOL (approximately $11.8 million) as collateral on the Kamino platform and borrowed $4 million USDC. Subsequently, the whale transferred these USDC cross-chain and deposited a total of $4.94 million USDC into the HyperLiquid platform. The whale used these funds to purchase 126,353 HYPE tokens at a price of $39.1 each and staked them.
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