A wallet reportedly linked to Hyperliquid Strategies continues to accumulate HYPE. According to Lookonchain data, the address associated with the company purchased 494,200 HYPE in the last 16 hours.
The monetary value of the latest purchase was estimated at approximately $45.8 million. Thus, the total HYPE purchases made by this wallet in the last month alone reached 5.51 million tokens, worth approximately $476 million at current market value.
The wallet’s average daily purchases are 183,574 HYPE, approximately $15.86 million. Hyperliquid Strategies’ total holdings are reported to have reached 35.1 million HYPE, worth approximately $3.2 billion.
However, while on-chain data shows the link between an address and a company, each transfer should be evaluated separately based on the transaction structure to determine whether it is a new purchase directly made in the open market.
Companies like Hyperliquid Strategies are known as cryptocurrency treasury companies, a phenomenon that has recently seen a rise in numbers, and these companies continuously invest in specific crypto assets.
*This is not investment advice.
