A cryptocurrency whale has reportedly purchased 490,000 HYPE tokens, valued at approximately $12.1 million, over the past 14 days. This move is suspected to be an effort to average down the investment cost. Earlier this year, between July and October, the same whale acquired 581,000 HYPE tokens for about $14.4 million and transferred 323,000 tokens, worth $8 million, to the Hyperliquid platform via a linked wallet. The recent purchase suggests a strategic attempt to manage investment costs amid market fluctuations.
Whale Buys 490,000 HYPE Tokens Worth $12.1 Million to Average Down
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