Whales Step In as HYPE Falls, Accumulating Over 1 Million Tokens

Large holders are continuing to build positions in HYPE even as the token pulls back from recent highs.

In one of the latest moves, a newly created wallet (0x6436) withdrew 140,960 HYPE, valued at around $9.48 million, from exchanges. This address has been consistently active over the past three days, accumulating a total of 902,317 HYPE worth approximately $64.9 million.

Meanwhile, another newly generated wallet (0xc0f5) also joined the activity, pulling 170,000 HYPE worth about $10.87 million from Coinbase roughly eight hours ago. These accumulation flows are occurring as HYPE trades about 19% below its all-time high of $75.48, which was reached on June 2, 2026.

Source: Lookonchain