Whales are making significant purchases of the $HYPE token during a market pullback, despite its price drop of 2.90%. According to data analysis platforms, large institutional transactions have been executed directly from major cryptocurrency exchanges, indicating that whales are accumulating this asset.
The trading volume of this asset recorded a 14% decrease in the last 24 hours, standing at $1.44 billion. However, despite the market contraction, whales seem to be taking advantage of the situation to accumulate this token.