Anchorage-Linked Wallet Buys 397,000 HYPE Worth About $18 Million

According to Onchain Lens, an Anchorage-linked address bought 397,000 HYPE from Bybit and OKX, while separate whale selling shows active large-holder repositioning in the token.

HYPE

Summary

According to Onchain Lens, an Anchorage-linked wallet purchased 397,000 HYPE worth about $18 million from Bybit and OKX and accumulated roughly 2.13 million HYPE over the past month, with holdings valued at about $91.99 million. Separately, a large HYPE holder sold 213,419 tokens at an average price of $41.84 for $8.93 million, realizing $2.8 million in profit after accumulating 467,188 HYPE over the previous two months at an average purchase price of $35.59, while still holding 253,769 tokens worth about $10.5 million. Together, the transactions reflect simultaneous large-scale accumulation and profit-taking in HYPE.

Terms & Concepts
  • Whale: A market participant holding a very large amount of a cryptocurrency, whose trades can materially influence sentiment or liquidity.
  • Custody: The safeguarding of digital assets on behalf of investors or institutions, often through specialized crypto storage and security services.
  • Centralized exchange: A trading platform operated by a company, such as Bybit or OKX, where users buy, sell, and withdraw crypto assets.