Bitcoin Whale Moves $136 Million Worth of UBTC Into Hyperliquid

Two Hyperliquid wallets received 1,176 Bitcoin worth $136.2M in combined transfers within hours.

Both inflows originated from address 0x574bafce...153096fa, later split between the two wallets.

Wallets executed small-scale trades alongside bulk transfers, keeping spot balances at $136.12M.

Two large Hyperliquid wallet addresses recorded major inflows of UBTC, with activity totaling more than $136 million. The transactions came after a two-week pause, coinciding with reports of a Bitcoin OG moving billions into Ethereum.

First Wallet Receives 625 Bitcoin Transfer

The first wallet, 0x1f5ef63abdb...6ccb8745, showed spot holdings valued at $72.33 million in UBTC. Records indicate a transfer of 625 UBTC worth about $72.37 million, completed 40 minutes before the latest update. This transfer originated from address 0x574bafce...153096fa, moving one of the largest sums during the session.

Source: X

Activity continued soon after the bulk transfer. A sell of 0.01 UBTC was executed to HIP-2 six minutes ago, valued at $1,447.49. Another sell of 0.15 UBTC followed one minute later, worth $17,916.35. Meanwhile, a buy of 0.15 UBTC occurred from HIP-2 into the same wallet for $17,902.83. These transactions indicate short-term movement alongside the large-scale transfer.

Second Wallet Adds 551.09 UBTC

The second wallet, 0xd5b96c2614c...3570adcb, recorded holdings valued at $63.78 million. Data shows a transfer of 551.09 UBTC, worth $63.82 million, arriving 117 minutes before the snapshot. Like the first wallet, the inflow originated from 0x574bafce...153096fa, connecting the two addresses through shared sources.

Source: X

Additional activity followed the inflow. A sell of 0.01 UBTC was placed five minutes ago, directed to HIP-2, valued at $1,273.84. While smaller in size, the transaction confirmed ongoing interaction within the market at similar price levels.

Combined Deposits Total 1,176 UBTC

In total, the two wallets received 1,176 UBTC within a short span, equivalent to $136.2 million. All transactions were priced between $115,800 and $115,810, showing consistent valuations across trades.

Market records confirm that both wallets drew their inflows from 0x574bafce...153096fa, before distributing balances between the addresses. Each wallet executed smaller buys and sells, keeping activity present around the core holdings. Current spot balances remain at $136.12 million combined, with no records of perpetuals, vaults, or staking positions attached.The inflows follow reports that a Bitcoin OG previously sold $4 billion in Bitcoin for Ethereum. After a two-week gap, the deposits into Hyperliquid resumed, tracked through the two wallets involved. Transaction hashes, including 0x245e5ec1... for the 625 UBTC and 0xeb59c29a... for the 551.09 UBTC, provide confirmation of the recorded movements.