Crypto whale 7bfee.eth, identified on Arkham as @punk2498_, transferred $2.9 million in HYPE tokens to HyperLend on HyperEVM, likely for use as lending collateral. The move signals continued confidence in the asset despite market volatility.
The wallet now holds $23.55 million in HYPE and HYPE staking tokens, representing 86% of its total $27.27 million portfolio. This concentrated position underscores significant exposure to the HYPE ecosystem through both direct holdings and staked assets.
Whale Deposits $2.9M HYPE to HyperLend, Holds $23.55M Position
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.