Gradual entry, is HYPE about to take off?

HYPE-4.14%
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CoinNetwork
Crypto World News reports that, according to Lookonchain, Grayscale is purchasing $HYPE and has submitted the S-1 registration statement for the $HYPE ETF in January.
Over the past week, two wallets associated with Grayscale bought 510,387 $HYPE tokens, worth approximately $24.95 million, and staked them.
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