09.06.2025 12:48
Two significant cryptocurrency wallets, identified as 0xd83 and 0x9E8, orchestrated the purchase of over $9 million worth of HYPE tokens within a 24-hour period. This coordinated effort involved strategically timed spot orders, demonstrating a sophisticated approach to market manipulation.
Funding for these substantial purchases originated from both Arbitrum and PERP networks, flowing into the wallets' spot trading accounts just prior to the large-scale HYPE acquisitions. Interestingly, despite the considerable investment, both wallets currently reflect minor unrealized losses, a consequence of slight price fluctuations following their purchases.
The coordinated acquisition of HYPE tokens began around 02:15 GMT on June 9th, 2025. Data reveals a series of precisely executed transactions by wallet 0xd83CfF88A32fFbf3951f2b13e4A0A37103b3193D. This included three separate purchases totaling approximately $6 million, all completed within a remarkably short time frame, suggesting pre-programmed order placement. For instance, the initial purchase comprised 71,431.42 HYPE tokens at $35 each.
A surge in high-value HYPE token transactions was observed between June 8th and 9th, 2025, further highlighting the significance of these whale-level activities. One wallet, for example, received a $2.5 million USDC deposit from the Arbitrum network, immediately transferring these funds to its spot account before executing the large HYPE buy. This swift transfer underscores the pre-planned nature of the transaction. Following the purchases, these wallets now hold substantial amounts of HYPE, although slight unrealized losses are evident due to subsequent market price movements. The near depletion of USDC balances in these wallets after the transactions also adds another layer of evidence supporting coordinated, pre-planned trading activity. The information for this report was gathered from internet sources.
