Whale Wallets Accumulate $9M in HYPE Tokens in Coordinated Buying Spree

Two unidentified whale wallets executed a synchronized accumulation of over $9 million worth of HYPE tokens within a 24-hour window, leveraging pre-funded spot accounts on decentralized exchanges. The transactions, occurring between June 8-9, 2025, exhibited textbook whale behavior—structured order placement with precise timing.

Wallet 0xd83CfF88A32fFbf3951f2b13e4A0A37103b3193D initiated the buying spree at 02:15 GMT with a $2.5 million purchase at $35 per token. Two subsequent orders totaling $2.53 million followed in rapid succession, suggesting algorithmic execution. Despite the aggressive accumulation, on-chain data reveals both wallets currently hold positions at slight unrealized losses due to post-purchase price volatility.

The whales sourced capital from Arbitrum and Perpetual Protocol before executing spot buys, indicating sophisticated cross-chain capital deployment strategies. This accumulation pattern mirrors institutional-grade accumulation tactics previously observed in early-stage altcoin rallies.