HYPE token has captured the attention of the cryptocurrency community due to recent major purchases and price shifts. This article examines the details of these events and their market impact.
Large Purchases of HYPE Token
A recently noted significant purchase of 358,279 HYPE tokens, valued at approximately $18.23 million, was reported by Lookonchain.
HYPE Holdings in Whale Portfolios
According to Lookonchain, one portfolio valued at $10.28 million has HYPE as the primary asset, holding 189,019.25 tokens. This portfolio has appreciated by 3.02% ($281,782.41). Another portfolio, worth $8.62 million, also shows a large share of HYPE, gaining 5.09%.
Growth of HYPE Derivatives Market
The derivatives market for HYPE has experienced significant growth, increasing by 22.97% to a trading volume of $3.17 billion. Open interest rose by 15.95%, reaching $2.30 billion, indicating a rising interest in the token among traders.
Recent purchases and sustained price growth for HYPE token indicate a strong investor interest, affirming positive outlooks for the ongoing development of this asset.
