#Whale buys 490,000 HYPE worth $12.1 million
#巨鲸买入49万HYPE价值1210万美元 $HYPE $12.1 million HYPE acquisition of 490,000 tokens: The continuous accumulation by the whale and the value resonance of Web3 social and on-chain contracts.
As the crypto market fluctuates around the $90,000 mark for Bitcoin, a whale's increased holdings have drawn industry attention: a well-known whale whose address starts with 0x72b23 has spent $12.1 million in the past 14 days, precisely purchasing 490,000 HYPE tokens at an average cost of about $24.69. This is not an isolated short-term speculation but rather a further accumulation by this whale following its $14.4 million investment in 581,000 HYPE tokens from July to October 2025. Coupled with the recent potential purchasing power exceeding $35 million from several whale addresses, HYPE tokens are becoming the core target of consensus among institutions and whale funds. Behind this months-long large-scale accumulation is the dual logic of Web3 social ecology landing and the explosive growth of on-chain contract tracks, providing new value anchors for investors in a volatile market.