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Tracked Wallet Buys $4.83M in HYPE via Hyperliquid TWAP Orders

Tracked Wallet Buys $4.83M in HYPE via Hyperliquid TWAP Orders

A newly created wallet’s $2.84 million purchase of HYPE tokens via HyperLiquid signals ongoing whale accumulation in the market.

USDC
HYPE

Fact Check
Two independent sources, Blockchain.news and Bitget News, corroborate the key details of the statement. Both report on a large wallet depositing 8 million USDC to the Hyperliquid platform and placing TWAP buy orders for 122,000 HYPE tokens. One source explicitly states this purchase is valued at approximately $4.83 million. The other provided sources are irrelevant to the claim.
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Summary

A newly created wallet transferred 3 million USDC to HyperLiquid and purchased 73,227 HYPE tokens at an average price of $38.34, totaling approximately $2.84 million. This follows previous whale activity, reinforcing the trend of substantial acquisitions on HyperLiquid’s platform.

Terms & Concepts
  • USDC: A U.S. dollar-pegged stablecoin used for transactions and trading in the cryptocurrency market.
  • Hyperliquid: A decentralized trading platform enabling execution of cryptocurrency trades, including strategies like TWAP.
  • HYPE Token: A cryptocurrency traded on the HyperLiquid platform, often targeted by large-scale investors for accumulation.