Multiple addresses bought HYPE worth 17.81 million USD in total during the day, suspected institutional participation

By: odaily.com|2025/07/11 23:56:36

Odaily News According to Lookonchain monitoring, in the past 24 hours, three whales or institutional addresses deposited a total of 37.17 million USDC to Hyperliquid to purchase HYPE, and purchased a total of 390,434 HYPEs, with a contract value of 17.81 million US dollars.
One of the addresses is suspected to be related to Anchorage Digital. It deposited $4.5 million USDC through 5 newly created wallets, totaling $22.5 million, and has purchased 139,662 HYPEs (US$6.37 million).
In addition, address 0x7E4E deposited $8.48 million USDC and bought 188,449 HYPE at an average price of $45; address 0x34b6 deposited $6.19 million USDC and purchased 62,322 HYPE.

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