Hyperliquid Climbs as New Wallet Builds $5.6M Position in HYPE

A newly created wallet labeled “0x008d” has accumulated 85,000 HYPE tokens, worth around $5.6 million, over the past three days through purchases on Bybit.

Meanwhile, market momentum for HYPE has strengthened, with the token climbing 9.5% over the past 24 hours to $66.46. Despite this recent gain, it is still trading roughly 12% below its all-time high of $75.48, set on June 2.

Source: Onchain Lens