One Person Holds Up 90% of the Buying Pressure for HYPE? 'HYPE Spot Market Whale' Address Further Invests $13.5 million, While 11 Addresses Synchronously Buy Up
June 2nd — Per monitoring from Hyperinsight (via its Telegram channel @HyperInsight), Hyperliquid plans to use a Time-Weighted Average Price (TWAP) order to acquire over 10,000 HYPE spot tokens from 11 separate addresses, totaling more than 269,000 tokens worth approximately $19.62 million.
All 11 addresses belong to a single whale that has been moving on-chain funds across multiple wallets and will continue buying over the next 24 hours. Here’s a full breakdown of its order activity:
- Unfilled TWAP orders from yesterday: 83,500 tokens purchased, valued at roughly $6.01 million.
- In the past two hours alone today, the whale added seven new orders (still in the early execution phase) targeting 185,000 tokens, worth around $13.53 million.
A portion of these buy orders has already been filled. Based on existing placements, the net TWAP buy pressure for HYPE over the next 24 hours is projected at $13.5 million, with this single whale accounting for nearly 90% of the total TWAP buy-side
8 minutes ago
Robinhood completes WonderFi acquisition for $180 million, ventures into the Canadian crypto market
June 2, Robinhood Markets announced it has closed the $180 million acquisition of Canadian digital asset services firm WonderFi, marking the U.S. fintech’s official entry into Canada’s cryptocurrency market.
WonderFi operates two regulated Canadian crypto trading platforms: Bitbuy and Coinsquare. Following the purchase, Bitbuy and Coinsquare will be merged into Robinhood, with their respective users invited to continue using the Robinhood app for crypto activities.
Robinhood noted that post-acquisition, its non-U.S. funded accounts now exceed 1 million—approximately 300,000 of which come from WonderFi’s customer base. The company will also continue supporting WonderFi’s existing collaborations with local Canadian institutions while expanding its own institutional crypto business in the region.
8 minutes ago
The Hyperliquid ETF reports that institutions have withdrawn over 1.136 million HYPE tokens from the exchange and staked them in the past 10 hours, driving HYPE to a new high of $75.8.
June 2nd – On-chain analyst Yin Jin notes that institutional buying and staking of HYPE have driven the token to a new all-time high, peaking at $75.8 this morning.
On-chain data shows that over the past 10 hours, at least 1.136 million HYPE tokens (valued roughly $82.42 million) were withdrawn from exchanges and staked by major entities including the Bitwise Hyperliquid ETF (BHYP), a16z, and Galaxy Digital.
Specifically: The Bitwise Hyperliquid ETF pulled 336,000 HYPE (≈$24.43 million) from Coinbase for staking; a16z took 300,000 HYPE (≈$21.58 million) from exchanges such as Kraken and OKX; an address starting with 0x279…BA8 withdrew 191,000 HYPE (≈$13.8 million) from Coinbase Prime; another address (0x9C4…6FC) moved 160,000 HYPE (≈$11.71 million) from Coinbase to stake; and Galaxy Digital staked 147,000 HYPE (≈$10.9 million).
8 minutes ago
HYPE Rally Forces Largest Bear to Retreat: Loracle Liquidates Over $90 Million Short, Still Pursuing Exit Strategy
June 2 — Per Hyperinsight’s monitoring: The largest HYPE short seller, “Trader Loracle,” has been actively trimming his positions and cutting losses ever since HYPE’s price surged past $70. Between yesterday and today, he has reduced his total positions by over $90 million. His 5x leveraged short position has shrunk from $102 million to $9.2 million, with current losses sitting at $3.4 million (a 74% decline). As of press time, he is still executing buy orders; if his position is fully liquidated, total losses could exceed $30 million.
Over the weekend, Loracle transferred 893,000 HYPE tokens on-chain to Hyperliquid. Driven by the recent price rally, the value of this spot holding has risen from $54.5 million to $65 million, and he is currently holding onto these spot tokens without selling them.
In the past month, this crypto whale has had two token unlock events, releasing a total of 1.115 million HYPE tokens (valued at approximately $63.51 million). According to transparent on-cha
8 minutes ago
Distributed Capital Linked Address Suspected of Selling 11,101 ETH, Risking a $11.79 Million Loss
On June 2nd, on-chain analyst Ai Auntie (@ai_9684xtpa) reported that an address linked to Distributed Capital is suspected of selling 11,101 ETH, potentially incurring a $11.79 million loss if the sale is completed.
Address 0xaF3…74446 transferred ETH worth $21.94 million to Amber Group’s deposit address 8 hours ago, at a price of $1,977.24 per ETH. Tracing back to the position’s entry data, this address withdrew a total of 33,398 ETH from Binance between February 2024 and April 2024, with an average entry price of $3,039.36 per ETH, totaling approximately $101 million in investment.
8 minutes ago
App Store
Profile
Security
Sign Out
Feeds
Articles
Source
Add to Favorites
Download image
Share x
Copy link
