Whale Accumulates Another $2.9M in HYPE Tokens Amid Crypto Consolidation

An anonymous cryptocurrency whale has continued their accumulation of HYPE tokens over the past two weeks, withdrawing an additional $2.93 million worth of HYPE from Coinbase Prime.

This latest transaction brings the total amount of HYPE accumulated by the whale to around $6.11 million since the beginning of the period.

The withdrawals have been consistently observed over the past 14 days, with a total of 98,490 tokens being moved off the exchange.

This accumulation trend is taking place during a broader period of consolidation in the crypto market, where large players are selectively accumulating assets they believe have strong fundamentals.