According to Spot On Chain monitoring, when HYPE surpassed PEPE to become the 20th largest token by market cap, multiple whale addresses began to accumulate HYPE.
Address 0x007 cross-chained 3.96 million USDC 9 hours ago to purchase 151,277 HYPE at an average price of approximately $26.19.
Address 0x721 invested 2.6 million USDC 11 hours ago to purchase 99,546 HYPE at an average price of approximately $26.14, currently holding 107,198 HYPE (worth approximately $2.76 million) and has accumulated profits of $3.33 million on Hyperliquid.
Address 0x602 cross-chained 2 million USDC in the past 20 hours and invested $911,000 to purchase 37,017 HYPE at an average price of approximately $24.6.