One Person Holds Up 90% of the Buying Pressure for HYPE? 'HYPE Spot Market Whale' Address Further Invests $13.5 million, While 11 Addresses Synchronously Buy Up

June 2nd — Per monitoring from Hyperinsight (via its Telegram channel @HyperInsight), Hyperliquid plans to use a Time-Weighted Average Price (TWAP) order to acquire over 10,000 HYPE spot tokens from 11 separate addresses, totaling more than 269,000 tokens worth approximately $19.62 million. All 11 addresses belong to a single whale that has been moving on-chain funds across multiple wallets and will continue buying over the next 24 hours. Here’s a full breakdown of its order activity: - Unfilled TWAP orders from yesterday: 83,500 tokens purchased, valued at roughly $6.01 million. - In the past two hours alone today, the whale added seven new orders (still in the early execution phase) targeting 185,000 tokens, worth around $13.53 million. A portion of these buy orders has already been filled. Based on existing placements, the net TWAP buy pressure for HYPE over the next 24 hours is projected at $13.5 million, with this single whale accounting for nearly 90% of the total TWAP buy-side pressure for the asset. On-chain addresses linked to the activity: 0xb5E4d21240e9356caFc3a1261d10383f62DFc24e 0x4F83CaA457Ed330a1582B2E573451dc255e0b26b