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An address has built up $7 million worth of HYPE in the past 12 hours, currently with an unrealized loss of $272,000.
Odaily Planet Daily reports that on-chain analyst Ai Yi has detected that the address (0x8d0…59244) is building a position in HYPE. The address has purchased $7 million worth of HYPE in the past 12 hours, with an average acquisition cost of $34.9. Currently, HYPE is priced at $33.54, down 11.4% from the short-term peak of $37.87. The address is currently unrealized at a loss of $272,000.