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

HYPE

HYPE/USDT

$39.859

+3.64%

$39.859

+3.64%

(24s)

24h Volume

$347,211,668.67

24h H/L

$40.30 / $38.00

Change: $2.30 (6.05%)

Funding Rate

-0.0001%

Shorts pay

Data provided by COINOTAG DATALive data

HYPE

Daily

$39.88

▲ 3.10%

Volume (24h): -

Resistance Levels

Resistance 3$50.1049

Resistance 2$43.77

Resistance 1$41.1149

Price$39.88

Support 1$38.733

Support 2$36.80

Support 3$34.6956

Pivot (PP):$39.3933

Trend:Sideways

RSI (14):59.7

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.