Whale Accumulates Over $6 Million in HYPE via Galaxy OTC Deal

A significant transaction has seen a single address acquire over $6 million worth of HYPE tokens through an over-the-counter (OTC) deal facilitated by Galaxy Digital.

Onchain Lens reported that the address purchased 215,056 HYPE tokens, valued at approximately $6.06 million. This acquisition contributes to a larger accumulation strategy, as the same address has reportedly bought and held a total of 540,337 HYPE tokens over the past 18 days. The current market value of this accumulated HYPE holding is estimated to be around $14.86 million.

This substantial OTC purchase highlights notable activity within the HYPE token market and underscores the role of institutional OTC desks like Galaxy Digital in facilitating large-volume trades for major market participants.

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