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BitcoinSistemi 2025-01-10 21:42:07

Institutional Giant Whale Bulks Up On This Altcoin As The Price Plummets

Institutional Giant Whale Bulks Up On This Altcoin As The Price Plummets

According to information shared by cryptocurrency onchain analysis firm SpotOnChain, an institutional whale appears to be buying a large chunk of an altcoin at the bottom price. According to Onchain data, Amber Group, a crypto market-making firm, bridged an additional $4.88 million worth of USDC to Hyperliquid, spending a total of $7.22 million to purchase 342,845 HYPE tokens. The institutional whale made this purchase at an average price of $21.06. At the time of writing, HYPE is trading at $21.24. Related News: What Will Happen to XRP Price After Trump? What to Expect if a New SEC Deal is Made? According to the data, this cryptocurrency wallet holds 730,749 HYPE tokens worth a total of $ 16 million. In addition, when evaluated as a whole, the company's total profit from this altcoin was measured at $ 6.56 million. The HYPE price has seen a significant drop of 10% in the last week. The altcoin, which has a massive market cap of $7.08 billion at the time of writing, is not listed on major cryptocurrency exchanges including Binance, Coinbase and Bybit. *This is not investment advice. Continue Reading: Institutional Giant Whale Bulks Up On This Altcoin As The Price Plummets

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