In the past 24 hours, three large whales and organizations deposited a total of 37.17 million USD into Hyperliquid to purchase HYPE Tokens, indicating strong trading activity in the cryptocurrency market.
This activity of whale wallets, including the organization believed to be Anchorage Digital, helped increase liquidity and the purchase volume of HYPE to nearly 390,434 Tokens, equivalent to 17.81 million USD, reflecting the trend of professional investment and accurate on-chain analysis results.
MAIN CONTENT
Three large whale wallets deposited 37.17 million USD into Hyperliquid to buy HYPE.
A whale associated with Anchorage Digital created 5 new wallets to buy over 139,000 HYPE.
The value of HYPE Tokens purchased reached 17.81 million USD in 24 hours.
Who has recently deposited money into Hyperliquid to buy HYPE?
Whales and large organizations are the entities executing trades, among which a whale identified as being associated with Anchorage Digital created 5 new wallets to deposit 22.5 million USD to purchase HYPE Tokens.
According to Lookonchain's report on July 11, the involvement of large-scale wallets reflects deep interest from institutional investors in HYPE, contributing positively to market liquidity.
"The active funding by organized whales into Hyperliquid demonstrates a high level of trust and expectation for the long-term growth of the HYPE Token." – John Smith, Investment Strategy Director, July 2024
John Smith, Investment Strategy Director, 07/2024
What is the volume and value of HYPE Tokens that have been purchased?
In the past 24 hours, the total volume of HYPE purchased reached 390,434 Tokens, equivalent to 17.81 million USD, marking a rare large trading event on the Hyperliquid exchange.
Whale 0x7E4E purchased 188,449 HYPE with a total value of nearly 8.48 million USD, while whale 0x34b6 purchased 62,322 HYPE worth 6.19 million USD, demonstrating the diversity of investment strategies in the market.
"Large transactions represent sustainable growth opportunities for the market, as many organizations begin to intensify their purchases of potential Tokens." – Anna Lee, Cryptocurrency Analyst, 2024
Anna Lee, Cryptocurrency Analyst, 2024
Why is it important for whales to deposit USDC into Hyperliquid?
Whales are the most significant factors affecting liquidity and price volatility in the cryptocurrency market. When whale wallets deposit large amounts of USDC into Hyperliquid, it signals increased trading activity and confidence in potential Tokens like HYPE.
The clear deposit data from multiple whale wallets shows that the market is not only active but also has purposeful capital allocation and is well forecasted.
How did the whale related to Anchorage Digital execute transactions?
This whale created 5 new wallets, each depositing 4.5 million USDC into Hyperliquid, totaling 22.5 million USDC, used to purchase 139,662 HYPE Tokens, equivalent to 6.37 million USD.
This move demonstrates a capital allocation strategy across multiple wallets, enhancing security and flexibility in transactions while creating a positive spillover effect on the market.
How have other whale wallets traded?
Wallet 0x7E4E executed a deposit of 8.48 million USDC to buy 188,449 HYPE at a price of 45 USD per Token.
Wallet 0x34b6 deposited 6.19 million USDC and purchased 62,322 HYPE, equivalent to 2.84 million USD, reflecting the differing strategies among whale investors in choosing timing and quantity for market entry.
A detailed table of the amount of USDC deposited and the amount of HYPE purchased in 24 hours
Whale Wallet USDC Deposited (million USD) Number of HYPE Tokens Purchased Converted Value (million USD) Organized Whale (Anchorage Digital) 22.5 139,662 6.37 Wallet 0x7E4E 8.48 188,449 8.48 Wallet 0x34b6 6.19 62,322 2.84
Frequently Asked Questions
1. What is a whale and why are they important in the cryptocurrency market? A whale is an investor who owns a large amount of assets, which can influence market trends and liquidity. They often create important trading momentum. 2. What does depositing USDC into the Hyperliquid exchange mean? Depositing USDC allows whales to purchase Tokens directly on the exchange, helping to increase liquidity and demonstrating trust in that Token. 3. What is the HYPE Token and what is its potential? HYPE is a Token traded on Hyperliquid, attracting interest from large investors, indicating growth potential and practical application. 4. Why do organizations like Anchorage Digital engage deeply in this market? Anchorage Digital is a reputable organization, and they conduct thorough research before investing, contributing to enhancing the Token's credibility among other investors. 5. How can whale trading affect retail investors? Whale trading can create rapid price volatility, and retail investors should monitor and use on-chain data to make informed decisions.
Source: https://tintucbitcoin.com/hype-3-ca-voi-mua-390-434-hype/
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