An investor has accumulated a significant position in the cryptocurrency HYPE, valued at $6.585 million, within the last 24 hours. The address, identified as 0x7fe…17ac6, is currently experiencing a paper loss of approximately $40,000, with the acquisition cost averaging around $31.57 per token. The investor has also placed additional limit buy orders totaling $3.75 million, set between $28.04 and $31.475, which remain unfilled. Should these orders be executed, the investor's total position in HYPE will surpass $10 million, indicating a strong commitment to the asset despite the current unrealized losses.