Amid HYPE's sharp price decline, whales have attempted to open long positions below $40, placing a total of $20 million in buy orders.
2 hours ago
According to Hyperinsight’s monitoring, as of press time, HYPE has dipped to a low of $58.781, a 10% pullback from its intraday high, and is now trading at $59.2—down 11.2% from the previous day’s price. A whale wallet (0x4e2) placed 60 limit buy orders for HYPE in the early hours of today, with a price range of $20 to $40, planning to acquire 666,700 HYPE tokens for a nominal value of approximately $20 million at a weighted average price of $30. The highest buy price in these orders remains 32.5% below the current market price. The whale wallet holds total funds of $40.2 million, and currently only has 4,218 HYPE short positions valued at around $250,000. If the buy orders are filled, it will close its existing short positions and then hold roughly 662,400 HYPE long positions.
A crypto whale has accumulated another 20,000 HYPE tokens, bringing its total HYPE holdings to 220,000 since June 11.
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