Arthur Hayes purchased 85,714 HYPE tokens valued at approximately $5.37 million, continuing recent accumulation activity in the altcoin, according to on-chain monitoring data.
Garrett Jin demonstrated stronger conviction in the same asset, acquiring 145,050 HYPE tokens worth $9.05 million over the past four days while simultaneously placing an additional buy order for 39,940 HYPE valued at $2.44 million, signaling sustained institutional interest in the token.
In a separate significant move, two previously dormant wallets transferred 1,650 BTC worth $127 million to trading platform FalconX, marking their first activity in over a year. The reactivation of such large Bitcoin holdings suggests potential positioning ahead of anticipated market movements.