Whale Can't Stop Buying: Collecting the Altcoin of the Giant Exchange for Two Days! - Coin Bulletin

Hype (HYPE), which has caught the attention of major investors, once again made headlines in the market with millions of dollars in purchases made by another giant whale.

According to the latest data shared by the blockchain analysis platform Lookonchain, an unidentified whale has started to buy HYPE by spending a total of 15.7 million dollars worth of USD Coin (USDC). The whale purchased a total of 563,238 HYPE in the last two days and spent approximately 8.93 million dollars for these transactions. With the remaining 6.49 million dollars worth of USDC, the whale placed limit orders ranging from 12 to 14.63 dollars.

Why Does HYPE Attract Attention?

Recently, Hype (HYPE), which has attracted the attention of major investors, stands out as the native token of the decentralized cryptocurrency exchange platform Hyperliquid. Hyperliquid users use the HYPE token to pay transaction fees on the platform and manage their investment activities. Especially with its visibility to major investors, HYPE is closely monitored by market analysts and is considered to be among the altcoins with high investment potential.

According to the latest data from CoinGecko, the HYPE price is currently trading at around $16.35, experiencing a decrease of approximately 5.5% in the last 24 hours. The recent interest of whales in this altcoin has strengthened the expectation that the market will soon become more active.