ChainCatcher, citing data tracked by Lookonchain, reported that some whales are still accumulating HYPE even as institutions have continued to sell the token recently. Over the past five days, three newly created wallets withdrew a combined 165,400 HYPE from FalconX. Based on the figures included in the report, the holdings were valued at about $9.16 million at the time of the update. The move points to continued large-holder accumulation on-chain, at least among a subset of new wallets identified by Lookonchain. No additional details about the wallet owners or the timing of each withdrawal were disclosed in the brief.
Some whales are still accumulating HYPE despite recent institutional selling, according to ChainCatcher, which cited monitoring data from Lookonchain.
Over the past five days, three newly created wallets withdrew 165,400 HYPE from FalconX, with the tokens valued at $9.16 million based on the figures in the report.
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