Institutional Wallets Scoop Up $17.3M in HYPE During Market Dip

Institutional and large-holder activity increased in Hyperliquid’s HYPE token after it fell 12.6% from its all-time high of $76.70 recorded on June 16, 2026.

Following this price decline, on-chain transfers showed renewed accumulation. A wallet labeled “0x644,” associated with Fansara Capital, received 146,853 HYPE tokens worth roughly $10 million from FalconX about 10 hours ago.

Shortly after, a newly created wallet “0x643” also received 108,000 HYPE tokens valued at around $7.3 million from FalconX, further indicating continued large-scale token movement.

Source: Onchain Lens