Hyperliquid Strategies Keeps Buying: Fresh $45.8M HYPE Purchase in 16 Hours

A wallet tied to Hyperliquid Strategies snapped up 494,200 HYPE tokens in just 16 hours, according to on-chain tracker Lookonchain. The move cost the firm roughly 45.8 million dollars.

Over the past month the same entity has already accumulated 5.51 million tokens for about 476 million dollars, averaging 183,574 HYPE or 15.86 million dollars per day.

Its total stash now stands at 35.1 million HYPE, valued at around 3.2 billion dollars. With more asset managers pouring money into single tokens, these repeated large buys are steadily tightening supply.

Based on information from https://cryptonews.net