According to Lookonchain, two whale wallets accumulated 175,130 HYPE worth about $8.47M over the past 12 hours. According to Lookonchain’s reported figures, the implied average execution price is roughly $48.35 per HYPE, offering a clear short-term reference cost basis for traders. According to Lookonchain’s timestamps, the buying pace equals approximately 14,594 HYPE per hour (about $0.706M/hour), indicating sizable intraday flow. According to Lookonchain, the post includes wallet links, enabling traders to track subsequent inflows or distribution from these addresses.

According to @lookonchain, a Bitcoin OG deposited 968 BTC valued at $106.44M to Hyperliquid roughly 30 minutes before the post, which implies a per-BTC valuation near $110,000 based on the reported figures (source: Lookonchain on X, Aug 26, 2025). The same wallet is selling BTC to buy ETH spot on Hyperliquid, indicating an active BTC-to-ETH rotation by this large holder (source: Lookonchain on X, Aug 26, 2025).