A Hyperliquid whale accumulated $12 million worth of HYPE tokens over the past two days, leading to a 14% surge in the token price.
Onchain Lens identified the whale's transactions, including purchases of 104,614 HYPE tokens for $3.67 million and 235,553 HYPE tokens for $8.04 million.
HYPE token surged 14% in the last 24 hours, reaching a price of $39, with a market cap of $13 billion. It surpassed SUI market cap and climbed to the 11th position on CoinMarketCap.
Hyperliquid's Open Interest rate surged 14.89% to $865.51 million, indicating increased investor sentiment and potential future growth for the HYPE token.