Whale investor makes a large purchase of HYPE through Galaxy OTC, with holdings exceeding $200,000

On-chain analysis data shows that large whale addresses are strategically accumulating HYPE tokens through Galaxy Digital’s over-the-counter (OTC) market. Recent purchases by this investor amount to 215,056 HYPE tokens, which, at the current rate ($38.30), is approximately $8.24 million. Continuous position building by institutional investors like Galaxy is attracting market attention.

Large Inflow of HYPE in Galaxy OTC Market

From the activity tracked by the Onchain Lens monitoring network, a deliberate capital allocation strategy emerges. Over the past 18 days, a total of 540,337 HYPE tokens have been accumulated, with current holdings exceeding $20.7 million. The purchase of 215,056 tokens through a single OTC transaction suggests that institutional investors are continuously evaluating HYPE’s value.

By utilizing Galaxy Digital’s relative trading platform, this whale investor has been able to build a large position while avoiding excessive market volatility. The liquidity depth of the OTC market is an essential infrastructure for such large traders.

Details of Position Building and Market Impact

Holding 540,337 HYPE tokens represents a significant proportion of the current circulating supply. The pace of position expansion over the past 18 days indicates strong confidence in the HYPE project. The latest data shows an average acquisition price of $38.30 per token, which is also a point of interest for market participants when compared to the whale’s average purchase price.

Such whale-level investment behavior is an important signal of how institutional investors evaluate HYPE’s long-term potential. Strategic position building through Galaxy Digital reflects not just speculative buying but a firm belief in the project’s growth prospects.