Two wallets acquired HYPE tokens worth $14.9M, marking one of the largest recent purchases.
Wallet 0x7E4E held tokens post-purchase, while 0x5dE5 staked theirs immediately.
The combined transactions caused a notable spike in HYPE volume.
In a series of large transactions on the Hype blockchain, two crypto wallets acquired a combined total of 385,720 $HYPE tokens within a three-hour window. These purchases totaled approximately $14.9 million in USDC, marking one of the largest recent movements in the $HYPE market. According to Lookonchain data, the two wallets, identified as 0x7E4E and 0x5dE5, made these purchases at slightly different prices and with different intentions for the acquired assets.
Whale Wallet 0x7E4E Executes $9.97M Purchase
Wallet 0x7E4E766d0aE5ea9cDED0c694669194Db92800107 initiated a substantial transaction using 9.97 million USDC. This amount secured 259,367 $HYPE tokens at a price of $38.5 per token. The purchase was recorded on-chain within the last three hours, contributing significantly to the sudden volume spike in $HYPE activity. At the time of writing, the wallet has not moved the purchased tokens to any staking or liquidity contract.
Further investigation of the wallet activity confirms that the transaction was a single, high-volume buy. The data indicates no preceding accumulation or distribution of $HYPE before the transaction occurred. The tokens currently remain in the wallet, awaiting further movement or utilization.
Wallet 0x5dE5 Buys and Stakes HYPE Tokens Worth $4.94M
In a separate transaction, wallet 0x5dE5fc77fA43DdA4155ce70Edb0bE683c0Cc03c3 spent 4.94 million USDC. This purchase secured 126,353 $HYPE tokens at a slightly higher price of $39.1 each. Unlike wallet 0x7E4E, the 0x5dE5 wallet staked the entire amount shortly after the purchase. Blockchain data confirms the tokens were deposited into a staking contract linked to the Hypurr ecosystem.
The move to stake immediately after purchase differentiates this wallet’s strategy. It suggests a long-term approach to holding the asset within the staking framework, potentially targeting yield or governance participation. No sales or transfers were observed from this address in the time following the transaction.
The two combined transactions brought significant on-chain activity for $HYPE. The joint total of 385,720 tokens moved represented a notable increase in volume within a short period. Both wallets acted within hours of each other, using USDC to complete the purchases through verified smart contracts on the Hype network. The market has recorded elevated interest following the movements, although no correlation has been made to price trends.
