Whales, Institutions Step Up Hyperliquid Buying as $52.28 Million in HYPE Moves

Source

Suehyeon Lee

Summary

Whales and institutional investors have continued accumulating Hyperliquid (HYPE) tokens.
A wallet identified as 0xb5E4 received a total of 1.22 million HYPE over the past three weeks from Wintermute, Galaxy Digital, OKX, Bybit, Gate.io and Kraken.
The tokens were worth about $52.28 million, and because the transfers came from major institutions and large exchanges, they are fueling speculation about institutional accumulation.

Forecast Trend Report by Period

Whales and institutional investors have continued accumulating Hyperliquid's HYPE token.

Lookonchain said on May 5 that a wallet identified as 0xb5E4 received a total of 1.22 million HYPE over the past three weeks from Wintermute, Galaxy Digital, OKX, Bybit, Gate.io and Kraken.

The tokens were worth about $52.28 million. Because the transfers came from major institutions and large exchanges, they are fueling speculation that the buying is institutional.

HYPE