Wallet Keeps Buying HYPE Despite Unrealized Loss
According to blockchain monitoring by analyst @ai_9684xtpa, a notable crypto wallet executed significant transactions within the last 5 hours. The address deposited 2.64 million USDC onto Hyperliquid and allocated $1.5 million of that amount to acquire approximately 59,431.49 HYPE tokens at an average price of $25.24 per token.
When combining this new purchase with previous holdings, the wallet now controls 150,000 HYPE tokens valued at about $3.84 million. The average cost basis has been reduced to $25.61 per token despite currently holding an unrealized loss of $95,000. The continued accumulation suggests strong conviction in the project's long-term potential.
- USDC Deposit: $2.64M
- HYPE Purchase Amount: $1.5M
- Average Buy Price: $25.24
- Total Holdings: 150K tokens
- Current Value: $3.84M
- Average Cost: $25.61
- Unrealized Loss: $95K
Simultaneous ZEC Futures Position Established
Interestingly, the address has also taken a bullish stance in the derivatives market by opening a $7M ZEC futures long position, indicating strong confidence in cryptocurrency market direction.