Two Grayscale-linked wallets purchased and staked a total of 510,000 HYPE tokens in the past week, amounting to approximately $24.95 million.

CoinFeed reported on May 21 that, according to Lookonchain monitoring, Grayscale is buying HYPE. Grayscale filed its S-1 registration statement for a HYPE ETF in January. In the past week, two wallets associated with Grayscale purchased and staked 510,387 HYPE tokens (US$24.95 million).