Hyperliquid Strategies Keeps Buying HYPE Amid Whale Selling Concerns

Hyperliquid Strategies continues to build its treasury by buying more HYPE tokens. The company purchased another 494,200 HYPE worth $45.8 million over a 16-hour period, according to Lookonchain.

This latest acquisition brings Hyperliquid's total holdings of HYPE to around 35.1 million tokens valued at approximately $3.2 billion.

The purchases have averaged 183,574 HYPE per day, or $15.86 million, over the past month. This significant accumulation has taken place near some of the highest prices HYPE has recorded since its launch.

However, trading activity has remained high despite a recent pullback in price. CoinGecko data showed around $1.24 billion in HYPE trading volume on September 25, while its market capitalization stood near $20.5 billion.