TechFlow reports that on May 21, according to on-chain analytics platform Lookonchain (@lookonchain), multiple whales and institutions are actively buying HYPE (currently trading at $53.09). Notably, a wallet associated with Galaxy Digital (0xBED9) purchased 158,100 HYPE tokens—worth approximately $8.8 million—within the past two hours. Another newly created wallet (0x4CBB) withdrew 536,247 HYPE tokens—valued at roughly $29.87 million—from Coinbase over the past two days. Combined, these two transactions amount to a total accumulation of $38.67 million.
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