Back
Grayscale Acquires 115,733 HYPE, Weekly Total Reaches 682,190

Grayscale Acquires 115,733 HYPE, Weekly Total Reaches 682,190

According to Lookonchain, wallets linked to Grayscale added 115,733 HYPE in the past hour, bringing seven-day accumulation to 682,190 HYPE after January’s S-1 filing for a HYPE ETF.

HYPE

Fact Check
The claim is directly and consistently supported by the primary Lookonchain X post (x.com/lookonchain/status/2057271757049085962), which cites two specific on-chain wallet addresses verifiable via Arkham Intel. The exact figures of 510,387 HYPE and $24.95M are reproduced identically across Odaily, PANews, KuCoin News, and CoinPost, all independently citing the same Lookonchain source. CoinPost provides additional granular detail including individual wallet addresses and holdings, further strengthening credibility. The Grayscale S-1 filing context is also corroborated by CoinPost's detailed ETF filing timeline. The only caveat is that the wallet-to-Grayscale attribution relies on Lookonchain/Arkham Intel's labeling methodology, which is not independently verified by Grayscale itself; this is standard for on-chain analytics reporting and introduces a small residual uncertainty. The $24.95M figure is consistent with 510,387 HYPE at approximately $48.88 per token, plausible given CoinPost's reported price of ~$58 (the purchase may have occurred at a lower average price over the week). Overall, the claim is well-supported and highly likely to be accurate.
Summary

According to Lookonchain, wallets linked to Grayscale bought and staked HYPE over the past week, with a newer update stating that an additional 115,733 HYPE acquired in the past hour lifted the seven-day total to 682,190 HYPE. The older report said two Grayscale-linked wallets had accumulated and staked 510,387 HYPE worth about $24.95 million, and the newer update indicates continued accumulation beyond that figure. The activity follows Grayscale’s January S-1 registration statement for a HYPE ETF. While the source does not provide purchase prices for the latest tranche, trading venue details, wallet addresses, or a statement from Grayscale, the combination of accumulation, staking, and the ETF filing has drawn attention to Grayscale’s growing involvement with HYPE.

Terms & Concepts
  • staking: Locking cryptocurrency in a network or protocol to support operations and typically earn rewards.
  • S-1 registration statement: A filing used to register securities with the U.S. Securities and Exchange Commission before a public offering or product launch.
  • ETF: An exchange-traded fund that tracks an asset or basket of assets and trades on stock exchanges.