Multiple whales and institutions have been steadily increasing their HYPE holdings recently

According to Lookonchain monitoring, multiple whales and institutions have been steadily accumulating HYPE recently.

Among them, a wallet 0xBED9 associated with Galaxy Digital purchased 158,100 HYPE worth approximately $8.8 million in the past 2 hours.

Additionally, a newly created wallet 0x4CBB has withdrawn 536,247 HYPE, worth approximately $29.87 million, from Coinbase over the past two days.