Bitwise Adds Another $10M in Hyperliquid’s HYPE Tokens

TLDR Bitwise purchased an additional 162,367 HYPE tokens worth about $10.11 million on May 26. Lookonchain reported that Bitwise already held more than 723,000 HYPE tokens before the latest purchase. Hyperliquid has continued to attract attention due to its derivatives trading activity and token burn model. Institutional investors are still buying selected altcoins despite pressure [...]

The post Bitwise Adds Another $10M in Hyperliquid’s HYPE Tokens appeared first on Blockonomi.