Mysterious Wallet Buys and Stakes 500K+ HYPE Within Seven Days

Blockchain analytics firm Lookonchain reports that crypto wallet “0x4E53” bought another 151,000 Hyperliquid tokens for about $6.09 million around 13 hours ago and then staked the assets.

The purchase is part of the wallet’s broader accumulation trend over the past week, during which it acquired and staked a total of 500,998 HYPE tokens valued at roughly $21.3 million.

Source: Lookonchain