Lookonchain recorded two whales purchasing a total of 175,130 HYPE Tokens within 12 hours, with a value of approximately 8.47 million USD, reported on August 28.
This transaction was observed on August 28, showing a large inflow of funds into HYPE Tokens in a short time frame. The original data specifies the volume and estimated value in USD.
MAIN CONTENT
Two whales bought 175,130 HYPE Tokens in 12 hours.
The estimated transaction value is around 8.47 million USD.
The event reflects a large inflow of funds that needs to be monitored for liquidity and volatility.
How much HYPE did the two whales buy and in what time frame?
Short answer: Lookonchain recorded a total of 175,130 HYPE Tokens purchased within 12 hours, estimated value around 8.47 million USD, reported on August 28.
Analysis: The number 175,130 (one hundred seventy-five thousand one hundred thirty) represents a large-scale transaction in a short time frame. Such volume can impact the liquidity of the exchange where the Tokens are most traded, depending on the current supply and demand dynamics.
Is the data source reliable and what should be noted when reading the information?
Short answer: The information is recorded from Lookonchain in the form of on-chain transaction observations, providing data on the addresses and volumes of Tokens transferred on-chain.
Analysis: On-chain tracking tools like Lookonchain extract data directly from the blockchain, thus the number of Tokens and the timing of transactions are generally considered accurate. However, the estimated value in USD depends on the reference price at the time of calculation and may vary between sources.
What does this large-scale buying action mean for investors and the HYPE market?
Short answer: The large purchase by two whales could temporarily increase liquidity, cause price volatility, or create psychological trends, but the specific meaning depends on the current market capitalization and liquidity of HYPE.
Analysis: A large inflow into a small Token can quickly push prices up if supply is limited, or be dispersed if liquidity is abundant. Investors should combine on-chain data with information about order books, trading volumes on exchanges, and fundamental factors before making decisions.
Frequently Asked Questions
On which date was the transaction recorded?
According to Lookonchain data, the transaction occurred and was reported on August 28.
Is 175,130 HYPE Tokens a lot or a little?
The magnitude depends on the market capitalization and liquidity of HYPE; compared to less liquid Tokens, this is a significant volume.
How to check similar on-chain transactions?
Users can check directly on explorers or follow reports from on-chain tracking tools like Lookonchain to verify the volume and transaction addresses.
What should I do if I hold HYPE?
It is advisable to monitor on-chain, trading volume on exchanges, and manage risk with appropriate take profit/stop-loss orders according to personal risk appetite.
Source: https://tintucbitcoin.com/2-ca-voi-mua-175-130-hype-847m/
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