$HYPE is in the news as current market data shows major cryptocurrency whales are buying $HYPE whereas the token price has decreased by 9%. The two crypto wallets with addresses 0x336 and 0x643 have together invested more than $5 million worth of USDC to show their confidence in the token’s growth potential even though its value has decreased recently.
Whales are buying the dip on $HYPE!
1/ Whale “0x336” spent 3.15M $USDC to buy 131,160 $HYPE, at $24.04 on average, ~7 hours ago.
2/ Whale “0x643” spent 1.75M $USDC to buy 72,792.5 $HYPE, also at $24.04 on average, ~13 hours ago.
Despite $HYPE dropping 9% today, #Hyperliquid… pic.twitter.com/MgVB33ltzz
— Spot On Chain (@spotonchain) February 7, 2025
Strategic Whale Accumulation
Whale 0x643 acquired 72,792.5 $HYPE tokens at an amount of 1.75 million USDC. following this whale 0x336 invested 3.15 million USDC and obtained 131,160 $HYPE tokens as part of a substantial purchase.
The investors purchased the tokens at an average rate of $24.04 across both trades suggesting they found value during this apparent cheap period.
HyperLiquid: A Preferred Venue for Whales
HyperLiquid emerged as the preferred exchange for new token launches and both traders performed these transactions on this platform which has recently become a go-to market for new token listing. Users appreciate HyperLiquid because it features both a deep pool of buyers and sellers together with a dynamic trading atmosphere that welcomed tokens like $BERA, $TRUMP, and $MELANIA in the past.
Why Whales Are Diving In
The present dip in the token’s value did not prevent strategic whales from accumulating the tokens because of their strong belief in the token’s promising future. Market experts state that robust buying behavior throughout a market decline indicates whale investors view it as an attractive investment with solid fundamentals and future price growth potential. The current valuation of exceeds $3 million at a token price of $23.45.
Broader Implications for $HYPE
The investments made by whales are viewed by markets as leading indicators of shifts so these major purchases could trigger more interest from retail and institutional investors. Market participants follow closely to determine if the recent increase in demand will drive an upward movement in $HYPE token prices.
Final Thoughts
While $HYPE maintains high-value investor attention the market watches to determine if this token can boost its value relative to its recent decline. Whereas, HyperLiquid leads the market as a respected platform that positions the $HYPE token as an important asset to monitor.
Read the full article here
