Eight whales bought $33M in HYPE tokens in 72 minutes, raising speculation of insider moves ahead of major platform shifts.
Hyperliquid’s airdrop sent $10B in HYPE to 94,028 wallets, with just 4.3% receiving over 10,000 tokens amid widespread demand.
Hyperliquid's TVL surged 110% to $1.48B in one month, with open interest hitting $9.31B and mindshare dominance above 80%.
Eight whale wallets collectively acquired over $33 million worth of HYPE tokens in just 72 minutes, fueling speculation over insider knowledge or future catalysts. The synchronized buying spree coincided with intensified platform growth metrics and rising trading mindshare on the Hyperliquid network.
Whale Buys Spark Questions Amid Token Accumulation
Whale activity around HYPE has intensified. In a post by Lark Davis, it was revealed that “whales are on a $HYPE buying spree,” after eight major wallets scooped 1,149.38 tokens at $39 each, totaling $44,825.82 for the largest single transaction. The smallest buy, 49.36 HYPE, still amounted to $1,925.04.
https://twitter.com/TheCryptoLark/status/1927013167340671213
Transaction hashes such as 0xc1654441... and 0x0696b824... show values between $11,000 and $13,600, while the highest buy came from hash 0x6a5ca1889.... All purchases occurred via the same method labeled “Buy,” with wallet destinations flagged as self-designated. These synchronized moves have stirred speculation about upcoming developments or embedded value cues.
Airdrop History and Distribution Mechanics
The recent whale actions follow what has been called the largest airdrop in crypto history. Hyperliquid distributed 274,153,917.65 HYPE tokens across 94,028 addresses, now worth over $10 billion. The median drop was 64.53 tokens, while the average recipient received 2,915.66 HYPE.
Most wallets (38.7%) received between 10–100 tokens, with another 27.3% in the 100–1,000 range. Wallets receiving over 10,000 HYPE made up only 4.3% of the distribution. The data paints a picture of widespread yet shallow distribution, punctuated by a few deep accumulations likely targeting long-term protocol exposure.
Protocol TVL and Trading Dynamics Support Token Moves
Simultaneously, other market indicators suggest a different trend, one of aggressive protocol adoption. The DeFi Investor reported that Hyperliquid’s TVL surged to $1.48 billion, up 110% in one month, with perpetuals volume hitting $6.93 billion in 24 hours. Bridged assets from other chains now stand at $4.352 billion.
Stablecoin market cap hit $3.625 billion within the protocol, and open interest exploded from under $1 billion in January to $9.31 billion by late May. BTC leads the charge, followed by ETH and SOL. These metrics signal rising speculative conviction, liquidity migration, and institutional positioning toward Hyperliquid derivatives.
Mindshare Growth Signals Explosive User Traction
Mindshare gains are another critical metric drawing investor attention. Hyperliquid’s HYPE token now commands 80.78% of trading mindshare, a 26.65% daily spike, and a 32.37% YoY increase. From December 2024, it has never dropped below 50%, with current dominance eclipsing rivals.
Hyperliquid’s surge in TVL, open interest, and user attention collectively frames the whale activity not as isolated, but as part of a broader market recalibration. With a second $10 billion airdrop imminent in Season 3, investors are positioning fast and early.
The post Whales Buy $33M in HYPE as Hyperliquid TVL, Mindshare, and Airdrop Activity Soar appears on Coin Futura. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
