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

HYPE

HYPE/USDT

$38.103

-5.50%

$38.103

-5.50%

(24s)

24h Volume

$493,275,574.94

24h H/L

$40.38 / $37.70

Change: $2.68 (7.11%)

Funding Rate

+0.0056%

Longs pay

Data provided by COINOTAG DATALive data

HYPE

Daily

$38.12

▼ -2.66%

Volume (24h): -

Resistance Levels

Resistance 3$43.77

Resistance 2$41.0725

Resistance 1$39.18

Price$38.12

Support 1$37.5475

Support 2$34.9066

Support 3$32.7582

Pivot (PP):$38.45

Trend:Uptrend

RSI (14):58.0

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.