Lookonchain data shows that Bitwise bought over 5 million USD worth of HYPE through FalconX. Is this considered a clear position-building move or a test?

HYPE0.36%
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CoinNetwork
CryptoWorld news reports that, according to Lookonchain monitoring, Bitwise purchased 77,097 HYPE via FalconX 1 hour ago, worth approximately $5.18 million based on the real-time price.
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