Two Whales Accumulate 375K HYPE Worth $23M in New On-Chain Transfers

Fresh blockchain data shows significant accumulation activity in Hyperliquid (HYPE), with large holders making notable withdrawals from major custodial services.

A newly created wallet, 0x987f, withdrew 278,827 HYPE, worth about $17.45 million, from Coinbase Prime within the past hour.

Shortly after, another large holder also re-entered the market. Whale wallet 0x2386, which had been inactive for about a month, withdrew 96,930 HYPE worth approximately $6.01 million from BitGo.

These moves come as HYPE trades at $62.44, reflecting a 19% decline from its all-time high of $76.70 recorded on June 16.

Source: Lookonchain