#HYPE has really taken off recently, surging over 18 points in a day, now hitting $93.58! But interestingly, despite the sharp price rise, two super whales didn’t chase the high; instead, they played a waiting game.
Together, they placed nearly $20 million worth of ladder buy orders, all between $80 and $88, about 6% below the current price. What does this mean? They probably expect a pullback first.
Specifically, Boomer added 40 orders today, planning to buy another 110,000 tokens. If all get filled, his long position will double! Another big player is even more aggressive, placing 84 orders with a buy amount 3.5 times his current position! If he catches this, it’s definitely a takeoff.
What does this indicate? It shows the whales are clear-headed, optimistic about the future trend, but think it’s a bit expensive now, so they refuse to chase the high and want to enter gradually on a pullback.
That said, this ladder-style accumulation is steady, but if HYPE just keeps surging straight up, these two whales might end up regretting it badly.