According to on-chain monitoring by Lookonchain, HYPE tokens have recently attracted continuous accumulation from institutions and whale addresses.
Galaxy Digital, a prominent crypto investment firm, withdrew approximately 179,000 HYPE (worth about $12.62 million) from Coinbase within the past seven hours. This sizable transfer indicates a clear build-up position.
Meanwhile, a newly created wallet starting with 0x6436 has also been actively stacking HYPE. Over the past two days, it first accumulated around 263,900 tokens, and then withdrew another 135,800 HYPE ($9.73 million) just eight hours ago, bringing its total holdings to 399,700 HYPE valued at approximately $28.92 million. The tight interval between these transactions is characteristic of typical whale accumulation patterns.
Combined, the two entities have purchased or withdrawn a total of 539,500 HYPE, equivalent to roughly $41.54 million. These on-chain movements were captured and disclosed by Lookonchain, providing transparent insight into large-capital flows into the HYPE ecosystem.