According to Lookonchain, two whales have purchased a combined 138,597 HYPE tokens worth approximately $5 million in the past five hours. Address 0x005a spent $3.99 million USDC to acquire 110,824 HYPE at $36 and initiated a 4x leveraged long position in HYPE, indicating strong bullish conviction. Meanwhile, address 0x75AE invested $1.01 million USDC to buy 27,773 HYPE at $36.5 and staked the tokens. These substantial whale activities point to growing institutional interest and could drive increased volatility and upward momentum for HYPE in the near term. Active traders should monitor on-chain data for potential follow-through buying or profit-taking. Source: Lookonchain, hypurrscan.io/address/0x005a, hypurrscan.io/address/0x75AE (June 3, 2025).