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

HYPE

HYPE/USDT

$31.434

-2.05%

$31.434

-2.05%

(24s)

24h Volume

$808,968,749.09

24h H/L

$32.53 / $30.51

Change: $2.02 (6.62%)

Funding Rate

+0.0041%

Longs pay

Data provided by COINOTAG DATALive data

HYPE

Daily

$31.70

▲ 0.89%

Volume (24h): -

Resistance Levels

Resistance 3$38.4514

Resistance 2$35.3553

Resistance 1$32.4892

Price$31.70

Support 1$29.7107

Support 2$25.631

Support 3$20.48

Pivot (PP):$31.4867

Trend:Uptrend

RSI (14):56.6

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.