Grayscale-Linked Wallets Accumulate and Stake $24.95M in HYPE Tokens

Two wallets associated with Grayscale accumulated 510,387 HYPE tokens over the past week, worth about $24.95 million, and subsequently staked them.

This activity comes in the context of Grayscale’s earlier move in January, when the firm filed an S-1 registration statement for a potential HYPE ETF.

Source: Lookonchain