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Just saw the former founder of a certain derivatives exchange adding to his position in HYPE again. This time, he smashed $1.1 million to buy 26,000 tokens. Right now, the total amount of HYPE he holds has reached 247,000 tokens, which is worth roughly over $10 million at the current price.
Even more outrageous, this round of moves has put him up by more than $2.5 million on paper. Looks like the big guys are still very bullish on this project, but with a position size like this and such a frequent adding-to-position cadence, it really does catch people off guard. HYPE is currently trading at around $41. Not sure whether it will keep running up going forward.