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TechFlow news: On May 21, according to on-chain analytics platform Lookonchain (@lookonchain), two wallets associated with Grayscale collectively purchased and staked 510,387 HYPE tokens (valued at approximately $24.95 million) over the past week. Notably, Grayscale previously filed an S-1 registration statement for a HYPE ETF in January this year; this recent large-scale on-chain accumulation may be closely tied to its ETF development process.
According to on-chain analytics platform Lookonchain (@lookonchain), over the past week, two wallets associated with Grayscale collectively purchased and staked 510,387 HYPE tokens (valued at approximately $24.95 million). Notably, Grayscale previously filed an S-1 registration statement for a HYPE ETF in January this year; this large on-chain accumulation is likely closely tied to its ETF development process.
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