Tradexyz uses fee revenue to buy Hyperliquid via TWAP orders
After an initial reported purchase two days earlier, HyperliquidNews said the buyer launched eight TWAP orders totaling 59,000 Hyperliquid, including an active 2,500-token order set to execute over the next two hours.
HYPE
Fact Check
The original HyperliquidNews X post (status 2085410712923386342) directly confirms the core claim: @tradexyz used $3.45M in fee revenue to buy hyperliquid via 8 TWAP orders totaling 59,000 tokens, following its first purchase two days earlier. This is independently reproduced by PANews, BlockBeats, and Odaily, all attributing the same original source. The only unconfirmed element is the specific detail of an 'active 2,500-token order set to execute over the next two hours,' which does not appear in the retrievable primary post text (though it may have been in attached images). All other structural facts match exactly, so the claim is likely true.
Summary
Tradexyz is using fee revenue to buy Hyperliquid through TWAP orders, according to HyperliquidNews. The reported activity includes eight TWAP orders totaling 59,000 Hyperliquid after an initial purchase two days earlier, and a 2,500 Hyperliquid order that was active and scheduled to execute over the next two hours. TWAP, or time-weighted average price, is typically used to spread execution over time and reduce market impact.
Terms & Concepts
- TWAP order: A time-weighted average price order that splits a trade over a set period to reduce slippage and market impact.
- Fee revenue: Income generated from platform or trading fees that can be used to fund purchases or buybacks.
- Hyperliquid: The token being accumulated through the reported buy orders.