$HYPE The cryptocurrency market had just managed to rise briefly on news of an almost concluded trade deal between the USA and China when the armed conflict between Israel and Iran brought it crashing down again.

In the last 24 hours, Bitcoin has fallen by 2.65%, Ethereum has decreased nearly by 8.9%, and Solana has collapsed by 9.2%. While retail investors are tallying their losses, large cryptocurrency holders are using the situation to accumulate altcoins.

For example, over the past few days, crypto whales have invested more than $120 million in Cardano (ADA). Accumulation began after Bloomberg Intelligence raised the likelihood of Cardano-ETF approval to 75% by 2025.

In the last 24 hours, Cardano has fallen by 7.8% and may continue to drop amid the decline of Bitcoin.

The most popular token in the market for crypto whales turned out to be Hyperliquid (HYPE). Two major holders collectively spent about $14.9 million on the altcoin: one purchased HYPE at a price of $38.5, while the other bought it at $39.1. It is known that both used their tokens for staking, thus demonstrating their confidence in its future.

At the time of writing, HYPE was trading at $40.02, having decreased by 3.58% in a day.$BTC $ETH $BNB