Hyperliquid Strategies Acquires Additional $44.5 Million in HYPE Amid Large Staking Unlocks

According to Lookonchain, a wallet linked to the Nasdaq-listed firm Hyperliquid Strategies has purchased 494,200 HYPE (approximately $44.5 million) over the past 16 hours. This brings the firm's total accumulation over the last month to 5.51 million HYPE (approximately $500 million). Additionally, on-chain data indicates that five large holders have unstaked a total of 980,000 HYPE.