Whales Accumulate $HYPE in Multi-Million Dollar Buys
Two whales spend over $21M on $HYPE, hinting at a big move ahead despite minor losses.
- Two crypto whales invested over $21 million in $HYPE.
- Purchases suggest confidence in a potential HYPE surge.
- Both whales retain USDC reserves, signaling strategic planning.
In a bold move over the past two days, two prominent crypto whales have made large-scale purchases of $HYPE, totaling over $21 million in USDC. Despite the token trading slightly below their entry points, their actions suggest a bullish outlook for the asset.
Whale “0x5AE” Invests Over $11M
One of the biggest buyers, identified as wallet 0x5AE, spent a staggering $11.21 million USDC to purchase 285,821 $HYPE tokens. This averages out to a buy-in price of $39.23 per token. Even after this significant purchase, the whale is still holding $2.79 million USDC in reserve, indicating potential plans for further accumulation or strategic flexibility.
Whale “0x152” Follows with Nearly $10M Buy
Not far behind, whale 0x152 also made waves, purchasing 249,073 $HYPE for $9.85 million USDC — at an average cost of $39.54 per token. This wallet retains a remaining $703,000 USDC, showing that there is still liquidity left on hand, possibly for more buys or market response strategies.
What Does This Mean for $HYPE?
Although both whales are currently slightly underwater due to minor price fluctuations, their substantial investments and remaining reserves point toward a strong strategic belief in $HYPE’s potential. Such aggressive accumulation often precedes market-moving events, whether it’s insider confidence, upcoming announcements, or expected bullish momentum.
For retail investors and market watchers, this kind of whale behavior often serves as a signal. While not a guarantee, it indicates that deep-pocketed players see long-term value or short-term opportunity in $HYPE. As always, caution is advised, but eyes are now on what could unfold next.
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