A new wallet purchased 180,000 HYPE tokens, while another entity purchased and staked 557,400 HYPE tokens through three wallets.

CoinFeed reported on June 4th that, according to Onchain Lens monitoring, whales or institutions are accumulating HYPE. A newly created wallet, "0x193," withdrew 180,000 HYPE (US$13.4 million) from Coinbase five hours ago. Three wallets (0x8bD, 0x5CF, and 0x918), possibly belonging to the same entity, withdrew 557,406 HYPE (US$41.53 million) from Kraken and sent them for staking.