Crypto Whale Snaps Up Hyperliquid ($HYPE)Tokens Amid Price Dip
Cryptocurrency whales are taking advantage of a dip in the price of the native token of the high-performance hybrid exchange Hyperliquid, which is designed to combined elements of centralized and decentralized exchanges.
According to data from on-chain analysis service Spot On Chain, crypto finance firm Amber Group has spent a total of $7.22 million to buy 342,845 HYPE tokens at an average price of $21.06, leading to a total holdings of the cryptocurrency of 730,749 tokens.
Per Spot On Chain, Amber Group spent near $10 million to accumulate these tokens that are now worth around $16 million.
Over the last three weeks, HYPE saw its price plunge little over more than 40% from around $34.7 to…
