SharpLink purchased an additional 5,000 ETH worth $7.88 million, while a newly identified wallet withdrew 18,361 ETH ($28.91 million) and 152,986 HYPE tokens ($9.73 million) from FalconX over the past nine days, signaling sustained institutional demand for both assets.
Bitwise transferred approximately 1.77 million HYPE tokens valued at $114 million to Hyperliquid, where the position was immediately staked, indicating confidence in the protocol's yield-generation potential. The move represents one of the largest single institutional allocations to the HYPE ecosystem to date.
Separately, trader Garrett Jin opened a new short position on ZEC with 2x leverage, targeting 11,780 ZEC worth $4.92 million. Jin's previous two ZEC trades proved profitable, generating combined gains of $11.66 million, lending credibility to his bearish thesis on the asset. The contrasting moves—institutional accumulation in ETH and HYPE against directional short bets in ZEC—underscore divergent conviction levels across major cryptocurrency holdings.