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Hyperliquid has witnessed a noteworthy rise in terms of price movement. As per the data from Spot On Chain, Hyperliquid has regained its 20th position among the biggest assets, leading to a massive surge in whale activity. The on-chain analytics provider disclosed this remarkable development in a recent social media post on X.
Whales are accumulating $HYPE as #Hyperliquid reclaims its spot as the 20th-largest token by market cap from $PEPE today!
— Spot On Chain (@spotonchain) January 2, 2025
1/ Whale “0x007” bridged and spent 3.96M $USDC to buy 151,277 $HYPE at ~$26.19, 9 hours ago.
2/ Whale “0x721” spent 2.6M $USDC to buy 99,546 $HYPE at… pic.twitter.com/tFgjF823LY
$HYPE Resurges to 20th Spot among the Largest Assets, Boosting Whale Activity
Spot On Chain asserted that the $HYPE token has again jumped to its 20th place among the largest assets. With this notable upsurge, the token has thrilled the whales, denoting a resilient confidence in the future potential of $HYPE. The data discloses that 3 whales have reportedly carried out significant $HYPE buyouts. The respective whale accounts include “0x007,” “0x721,” and “0x602.”
Particularly, the whale “0x007” reportedly bridged as well as deployed a stunning 3.96M $USDC tokens for the $HYPE buyout. This event took place 9 hours back. In this respect, the whale acquired up to 151,277 $HYPE tokens with ~$26.19 as the average per-token price. With this huge investment, the whale seems to capitalize on the upward price trajectory of Hyperliquid.
In addition to this, the whale “0x721” also invested a staggering amount of nearly 2.6M $USDC for $HYPE acquisition. Hence, the whale obtained 99,546 $HYPE tokens at ~$26.14 as the average price 11 hours back. At the moment, the whale holds a cumulative 107,198 $HYPE tokens with a value of almost $2.76M. Interestingly, the whale has pocketed an all-time profit of up to $3.33M on Hyperliquid. This shows the whale’s proficiency in strategic trading and precise market timing. Moreover, the whale “0x602” bridged approximately 2M $USDC and utilized $911,000 to purchase 37,017 $HYPE tokens at ~$24.60 as the average price.
Rising $HYPE Accumulation Underscores Potential for a Stable Market Growth
According to Spot On Chain, the resurgence of Hyperliquid to the top 20th spot among the biggest crypto assets has gained a substantial whale attention. Keeping this in view, the aforementioned whales’ enormous $HYPE buyouts contribute to Hyperliquid’s overall market trajectory. With this notable $HYPE accumulation among whale investors, Hyperliquid is likely to witness a surge in activity as well as price stability.