No Limit Holdings places buy orders for HYPE starting at $35.8

An address believed to belong to crypto venture fund No Limit Holdings has placed a series of limit orders to buy Hyperliquid (HYPE) at prices ranging from $35.8 down to $31.8, on-chain analyst ai_9684xtpa reported on X. The address, which begins with 0x4c6, deposited 7.26 million USDC into Hyperliquid and placed buy orders totaling approximately $2.5 million. The remaining 4.76 million USDC was transferred to four other addresses. HYPE is currently trading at around $38.6.