I just saw an interesting on-chain data point. A large holder has been continuously accumulating HYPE through OTC channels recently. This whale has already accumulated over 540k tokens in the past 18 days, and this time, they bought over 210k tokens in a single transaction through Galaxy Digital's OTC desk, spending over 540k USD.



Currently, the HYPE holdings of this address are worth over 210k USD, indicating ongoing increased accumulation. Using OTC channels instead of buying directly on exchanges usually suggests that the transaction volume is quite large and aims to avoid market impact. Based on the size of the holdings, this institutional investor's confidence in HYPE is quite evident. It’s worth paying attention to their subsequent moves.
HYPE3.75%
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