Galaxy Digital and New Wallet Drive $22M+ HYPE Accumulation in 24 Hours

Large holders and institutional investors have continued accumulating Hyperliquid (HYPE), even as it trades near its recent record highs.

In one of the latest moves, Galaxy Digital withdrew 179,000 HYPE, valued at around $12.62 million, from Coinbase about seven hours ago, indicating continued large-scale transfers off exchanges.

Meanwhile, a newly identified wallet (0x6436) joined the accumulation trend by withdrawing 135,824 HYPE, worth approximately $9.73 million, over the past eight hours. This brings the wallet’s total purchases over the last two days to 399,730 HYPE, worth about $28.92 million.

These developments follow a brief market pullback, with HYPE falling 4.2% after reaching a new all-time high of $75.48 on June 2, 2026.

Source: Lookonchain