Grayscale & Galaxy Digital Accumulate $HYPE Tokens, Potential ETF Anticipation
Wallets linked to Grayscale and Galaxy Digital have been actively accumulating significant amounts of $HYPE tokens, totaling over $63 million. This activity coincides with Grayscale's pending S-1 registration for a $HYPE ETF, suggesting potential institutional interest.
Grayscale is buying $HYPE!#Grayscale already filed the S-1 registration statement for the $HYPE ETF in January.Over the past week, 2 wallets linked to #Grayscale bought 510,387 $HYPE ($24.95M) and staked it.https://intel.arkm.com/explorer/address/0x300e402193bc8F27d408FceaEBCb7eD6E5811822https://int
Many whales/institutions are buying $HYPE!A wallet (0xBED9) linked to #GalaxyDigital bought 158,100 $HYPE ($8.8M) over the past 2 hours.A newly created wallet (0x4CBB) withdrew 536,247 $HYPE($29.87M) from #Coinbase over the past 2 days.https://intel.arkm.com/explorer/address/0xBED9a3443BCBC60dE03e89