Whales Are Flocking to This Altcoin: $30 Million Purchase Operation! - Coin Bulletin

Two major investors have started actively acquiring HYPE tokens on the Hyperliquid platform with a budget of 30 million dollars.

The cryptocurrency market is experiencing remarkable activity today. The blockchain analysis platform Lookonchain announced that two major whales have started acquiring HYPE tokens through Hyperliquid with a total investment of 30 million dollars in USDC. So far, investors have spent approximately 5.1 million dollars in USDC to buy 146,916 HYPE. The remaining 24.9 million dollars in USDC is on standby for further acquisitions in the coming hours.

The addresses of two investors were shared on the blockchain explorer Hypurrscan, and the details of the activity can be tracked transparently. These high-volume acquisitions indicate that expectations for the HYPE token are rising, while rapid fluctuations in the token price may occur.

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HYPE is the native cryptocurrency of the Hyperliquid ecosystem, which is a decentralized finance ( DeFi ) platform. Hyperliquid stands out as an exchange providing leveraged and spot crypto buying and selling opportunities to its users with fast transaction times and low commission fees. Thanks to its advanced infrastructure, the platform successfully attracts the interest of institutional investors.

The HYPE token has various use cases such as user rewards, governance voting, and staking on the Hyperliquid platform. The value of the token is directly linked to the overall performance of the platform, so such large-scale whale movements are coming to the attention of investors.