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

HYPE

HYPE/USDT

$29.40

+7.97%

$29.40

+7.97%

(24s)

24h Volume

$568,888,529.70

24h H/L

$29.69 / $26.11

Change: $3.58 (13.71%)

Funding Rate

+0.0056%

Longs pay

Data provided by COINOTAG DATALive data

HYPE

Daily

$29.44

▲ 7.80%

Volume (24h): -

Resistance Levels

Resistance 3$34.683

Resistance 2$31.6473

Resistance 1$29.4825

Price$29.44

Support 1$28.3883

Support 2$27.1367

Support 3$25.63

Pivot (PP):$28.4133

Trend:Sideways

RSI (14):51.2

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.