One Person Holds Up 90% of the Buying Pressure for HYPE? 'HYPE Spot Market Whale' Address Further Invests $13.5 million, While 11 Addresses Synchronously Buy Up

BlockBeats News, June 2nd, according to Hyperinsight monitoring, Hyperliquid is planning to use TWAP (Time-Weighted Average Price) to buy over 10,000 HYPE spot from 11 different addresses, totaling over 269,000 tokens, with an approximate value of $19.62 million.

It is reported that all 11 addresses mentioned above belong to the same whale. The whale has been transferring funds on-chain to multiple addresses and plans to continue buying over the next 24 hours:

On the TWAP orders from yesterday that were not completely filled, a total of 83,500 tokens were purchased (valued at approximately $6.01 million);

In the past 2 hours today, the whale has placed an additional seven orders, which are still in the early stages of execution, planning to buy 185,000 tokens (valued at around $13.53 million).

Part of the aforementioned buy orders has already been executed. Based on existing orders, the TWAP net buy pressure on HYPE in the next 24 hours is estimated to be $13.5 million, with this single whale currently contributing to nearly 90% of the buy-side pressure on the TWAP.

On-chain address: 0xb5E4d21240e9356caFc3a1261d10383f62DFc24e

On-chain address: 0x4F83CaA457Ed330a1582B2E573451dc255e0b26b