Crypto
Crypto Whales Defy ETF Outflows with $35.9M HYPE Purchase
A recent surge in whale activity has bolstered the Hyperliquid Crypto ETF despite record outflows of $5.29 million on September 9.
Two large addresses purchased a combined total of approximately $35.91 million worth of HYPE tokens, with one address acquiring 308,569 HYPE for $26 million and another buying 116,427 HYPE for $9.91 million.
The transactions come as the HYPE token price trades near $80.83 following a 6.4% daily decline and steady intraday selling.