🚨A wallet linked to Hyperliquid Strategies continues to build its HYPE treasury. According to Lookonchain data, address 0x6436 purchased 494,200 HYPE (~$45.8 million) over the past 16 hours. $QI
📊 Accumulation Context
· Monthly Total: The wallet has accumulated 5.51 million HYPE (~$476 million) over the past month.
· Daily Average: This pace averages roughly 183,574 HYPE (~$15.86 million) per day.
· Total Holdings: Hyperliquid Strategies now holds approximately 35.1 million HYPE, valued near $3.2 billion.
🔍 Market Notes
This buying activity comes despite some large holders moving tokens toward potential sales. Notably, Multicoin Capital transferred $12.15 million** in HYPE to Coinbase Prime, and other large addresses began unstaking nearly **$90.4 million. Hyperliquid’s protocol buybacks (using 97% of trading fees) remain a consistent demand source.
📊 Accumulation Context
· Monthly Total: The wallet has accumulated 5.51 million HYPE (~$476 million) over the past month.
· Daily Average: This pace averages roughly 183,574 HYPE (~$15.86 million) per day.
· Total Holdings: Hyperliquid Strategies now holds approximately 35.1 million HYPE, valued near $3.2 billion.
🔍 Market Notes
This buying activity comes despite some large holders moving tokens toward potential sales. Notably, Multicoin Capital transferred $12.15 million** in HYPE to Coinbase Prime, and other large addresses began unstaking nearly **$90.4 million. Hyperliquid’s protocol buybacks (using 97% of trading fees) remain a consistent demand source.
