A crypto whale bought 430,200 HYPE tokens valued at approximately $35.1 million, according to blockchain-monitoring service Lookonchain. The purchase follows the same wallet’s acquisition of 141,442 HYPE for about $11.88 million and more than 240,000 HYPE on August 30, while a newly created address separately withdrew 94,100 HYPE worth $7.66 million from FalconX two hours earlier. HYPE is the native token of Hyperliquid, a decentralized perpetuals trading platform where it is used for fees, staking and governance. The wallet activity is publicly verifiable on-chain, but the owner’s identity and intentions remain unknown.