A whale from the Hyperliquid protocol made a decentralized purchase across four addresses, buying $6.01 million in spot markets, single-handedly supporting the price of HYPE. Over the next 24 hours, this purchase contributed to almost half of the Time-Weighted Average Price (TWAP) buy volume.

BlockBeats News, June 1st, according to Hyperinsight monitoring, driven by the intraday surge of HYPE, Hyperliquid is planning to buy over 10,000 HYPE spot tokens through TWAP (Time-Weighted Average Price) with the participation of 8 whale addresses, totaling a planned purchase of over 146,000 tokens, equivalent to approximately $10.51 million.

It is reported that the top four addresses on the current buyer list all belong to the same whale. This whale received around $10 million on-chain and redistributed it to four addresses. They plan to continue buying over the next 24 hours, with a total purchase of 83,500 tokens on TWAP orders, worth about $6.01 million.

Part of the above buy orders has already been executed. Based on existing orders, the TWAP net buying pressure of HYPE in the next 24 hours amounts to $11.20 million, representing an approximately 186% increase from the same caliber data yesterday. Currently, this single whale alone accounts for nearly 50% of the buying pressure.

On-chain address: 0x4F83CaA457Ed330a1582B2E573451dc255e0b26b

-The HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram community and make it an admin (with message-sending permission enabled) to automatically synchronize on-chain information.