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The Great China Returns: New Round of HYPE Accumulation
A major market whale has resumed active trading after a two-month hiatus, signaling confidence in the HYPE token. According to blockchain analysts, address 0x4f76 made a significant transaction, involving 4 million USDC to accumulate Hyperliquid coins. Such activity from a large whale often serves as an indicator of institutional sentiment in the market.
Two-Month Pause Ends
The whale address, previously on watch, has finally returned to active operations. The current position holds 591,470 HYPE tokens, which at the current price of $31.04 per token is valued at approximately $18.36 million. This substantial asset concentration demonstrates serious engagement from the whale in the Hyperliquid project.
Further Accumulation Strategy
In addition to the current holdings, the whale address keeps 2.43 million USDC in cash for potential additional purchases. This provides the whale with sufficient resources to capitalize on possible price corrections or new accumulation opportunities for HYPE. Such an approach characterizes a cautious yet decisive accumulation style by these large participants.