Hyperliquid Strategies Keeps Buying HYPE Amid Large Holder Sell Pressure

Hyperliquid Strategies has continued to build its treasury by purchasing $45.8 million worth of HYPE, bringing its total purchases over the past month to $476 million.

The company bought another 494,200 HYPE tokens in a single transaction, which took place over a 16 hour period and averaged $15.86 million per day.

This is not Hyperliquid's first major purchase of HYPE; the company currently holds around 35.1 million tokens valued at approximately $3.2 billion.

However, this purchase comes as some large holders have moved or are preparing to move substantial amounts of HYPE towards potential sale, including Multicoin Capital, which transferred another $12.15 million worth of the token to Coinbase Prime on September 24.