HYPE Pullback Leads to Dollar-Cost Averaging into Multiple Addresses on Hyperliquid, Totaling $3.4 million TWAP Order Buy-in spot

BlockBeats News, May 18th, according to Hyperinsight monitoring, following a significant surge in HYPE price this morning to $47, a slight pullback has occurred. Multiple addresses on Hyperliquid have placed buy orders using TWAP (Time-Weighted Average Price) to gradually establish positions. As of the time of writing, there are a total of 8 traders in the existing orders planning to buy over 75,400 HYPE tokens, equivalent to approximately $3.4 million.

On the derivatives side, a recent large position whale (0x1ee) is planning to long 50,000 HYPE tokens with 10x leverage, worth around $2.26 million, at an average price of $45.76. Approximately $1.29 million of buy orders of this scale are still being executed in batches.

Address: 0x1ee7a73cb5b0b6b056d8138085b2009e6a6bedf5