HYPE Up More Than 50% This Week Amid $38M+ Whale Accumulation

Recent on-chain activity points to increased accumulation of Hyperliquid (HYPE) by large holders, with several notable transactions occurring over a short period.

Among them, a wallet linked to Galaxy Digital (0xBED9) purchased 158,100 HYPE, worth around $8.8 million, over the past two hours.

Meanwhile, a newly created wallet (0x4CBB) withdrew 536,247 HYPE, valued at approximately $29.87 million, from Coinbase over the past two days.

These large movements coincide with strong price performance for HYPE, which has surged more than 50% over the past week. With momentum continuing to build, the token is now approaching its previous all-time high of $59.30, set on September 18, 2025.

Source: Lookonchain