Bitwise Buys 336,474 HYPE Tokens Worth $24.43 Million, Lookonchain Says

According to Lookonchain, Bitwise bought 336,474 HYPE worth $24.43 million over 12 hours; earlier data also showed $41.8 million of weekly ETF-client buying and $55 million in cumulative staked HYPE.

HYPE

Summary

According to Lookonchain, Bitwise purchased another 336,474 HYPE tokens worth $24.43 million over the past 12 hours, adding to earlier reported HYPE-related activity. Previous data cited a $20 million single-day Bitwise purchase, $41.8 million of HYPE bought by Bitwise ETF clients over the past week, and $55 million in Bitwise’s cumulative staked HYPE. Together, the figures indicate substantial recent accumulation and staking activity tied to Bitwise, though the sources do not specify the trading venue, average purchase price, blockchain network, or the exact relationship between the reported purchases.

Terms & Concepts
  • HYPE: A crypto token referenced in the sources as the asset purchased by Bitwise-related participants and held in staked form.
  • staking: Locking crypto assets in a network or protocol to help support operations and earn rewards.
  • On-chain data: Public blockchain transaction records used to track wallet activity, token transfers, and large market movements.