New Arbitrum Wallet Executes TWAP to Buy $2M Worth of HYPE Tokens While Holding About $7M USDC

BTC

BTC/USDT

$86,001.05

+0.71%

$86,001.05

+0.71%

(24s)

24h Volume

$28,782,901,912.75

24h H/L

$87,395.67 / $85,050.00

Change: $2,345.67 (2.76%)

Long/Short

51.7%

Long: 51.7%Short: 48.3%

Funding Rate

+0.0034%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$86,077.99

▼ -0.63%

Volume (24h): -

Resistance Levels

Resistance 3$99,648.20

Resistance 2$94,549.91

Resistance 1$87,838.94

Price$86,077.99

Support 1$84,955.30

Support 2$82,514.92

Support 3$79,890.00

Pivot (PP):$84,955.30

Trend:Uptrend

RSI (14):71.8

COINOTAG News, citing MLM Monitor, reports that a newly created wallet on the Arbitrum network minted about USDC 12.1 million, then moved USDC 5.1 million into Hyperliquid, acquiring 113,000 HYPE tokens (roughly $3 million) and 0.5 BTC (about $43,000). The account is actively pursuing a time-weighted average price (TWAP) program to purchase roughly $2 million more of HYPE over the next 50 minutes, while maintaining around $7 million in USDC on the Arbitrum chain for liquidity management.