Whales deposited 3 million USD in USDC and purchased 124217 HYPE, with a floating loss of over 650000 USD

According to Onchain Lens, a whale deposited $3 million in USDC into Hyperliquid and placed an order to purchase HYPE between $13.4 and $13.5. At present, the whale holds 124217 HYPEs, spent $2.52 million, and faces floating losses of over $650000.