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

BTC

BTC/USDT

$78,761.74

+1.05%

$78,761.74

+1.05%

(24s)

24h Volume

$16,326,714,667.35

24h H/L

$79,250.00 / $77,392.00

Change: $1,858.00 (2.40%)

Long/Short

51.5%

Long: 51.5%Short: 48.5%

Funding Rate

+0.0040%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$78,857.98

▲ 0.35%

Volume (24h): -

Resistance Levels

Resistance 3$91,281.84

Resistance 2$85,813.58

Resistance 1$80,427.33

Price$78,857.98

Support 1$78,599.56

Support 2$73,674.39

Support 3$69,679.37

Pivot (PP):$78,407.76

Trend:Uptrend

RSI (14):71.3

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.