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In the last 10 hours, a total of 22.5 million USD worth of USDC has been deposited from 5 separate wallets believed to belong to a single institution for the popular altcoin HYPE, and large purchases have begun.
According to data shared by the cryptocurrency analysis platform Spot On Chain, in the last 10 hours, 5 different wallets transferred a total of 22.5 million dollars worth of USDC to the cryptocurrency exchange Hyperliquid. This move is interpreted as the beginning of a major buying wave for HYPE among cryptocurrency investors.
According to the data provided by the platform, it is believed that the aforementioned 5 wallets belong to a single institution or individual. One of these wallets has currently purchased 99,931.55 HYPE, spending a total of 4.33 million USD. The average price of this transaction was 43.3 USD. #BTC Hits New High#