HYPE keeps making new highs, trading in the $71-$75 range. In the same address, tokens are withdrawn for staking and then dumped at high levels—who is really calling the shots as ETF net inflows hit $133 million?*

On-chain, a big address has just withdrawn tokens to heavily stake, and another address immediately smashed out several million dollars’ worth of chips at high levels. These two actions tear HYPE’s current position wide open, painfully. In the same period, the two major spot ETFs, THYP and BHYP, have accumulated total net inflows of more than $133 million. Long-term institutions are still going on a buying frenzy, while profit-takers are simultaneously cashing out like crazy.

The data hits you right in the face: long-term force clearly wins. Bitwise’s $20M buy in a single day, and cumulative ETF absorption already exceeding 1% of the float—not market noise, but a real vote of trust backed by hard cash. Short-term dumping? It’s just smoke to cover long-term institutions taking over.

HYPE’s buyback mechanism sends 98% of trading fees directly into burning, and 14% of the circulating supply has been removed. The hands that lock their tokens for 18 months—those are the real invisible big players deciding HYPE’s height. Don’t be fooled by the surface-level shakeout; the signal from institutions “voting with their feet” is already crystal clear.
#Anthropic秘密递交IPO申请