A large $HYPE whale has been accumulating aggressively.
Over the past two days, one address bought nearly 388,000 HYPE (worth about $31.5M) across multiple platforms including Hyperliquid, OKX, Bybit, and Gate.
This comes as Hyperliquid’s new AQAv2 mechanism is now live, directing USDC reserve yield into additional HYPE buybacks.
Traders will be watching whether this size of accumulation continues and how the expanded buyback flow interacts with price.
Over the past two days, one address bought nearly 388,000 HYPE (worth about $31.5M) across multiple platforms including Hyperliquid, OKX, Bybit, and Gate.
This comes as Hyperliquid’s new AQAv2 mechanism is now live, directing USDC reserve yield into additional HYPE buybacks.
Traders will be watching whether this size of accumulation continues and how the expanded buyback flow interacts with price.