Whale Continues to Accumulate the Altcoin of the Giant Exchange: Made Another Large Purchase! - Coin Bulletin

**Hype (HYPE), which stands out with the moves of big investors in the cryptocurrency market, recently came to the agenda with a hefty purchase by a whale.

According to the data shared by the blockchain analysis platform Lookonchain, an unidentified investor purchased a large amount of Hype (HYPE) by investing 2.6 million dollars' worth of USD Coin (USDC) on Hyperliquid, a decentralized crypto exchange. Following this transaction, the whale's wallet currently holds a total of 343,264 HYPE. The current market value of this amount is approximately around 6 million dollars.

Hype (HYPE), known as the native cryptocurrency of the decentralized cryptocurrency exchange platform Hyperliquid. HYPE token is used by Hyperliquid users in transactions within the platform and various investment activities. Especially with the attention of large investors, HYPE has recently become a frequently mentioned altcoin closely followed by market analysts.

According to CoinGecko data, HYPE is currently trading at $16.35, showing a 5.5% decrease in the last 24 hours.