On May 22, it was reported that several large investors are using the TWAP (Time-Weighted Average Price) strategy to accumulate HYPE tokens on Hyperliquid. According to BlockBeats On-chain Detection, five major investors have placed buy orders for over 100,000 HYPE tokens each, totaling more than 182,000 tokens. The total value of these purchases is approximately $10.8 million.
Some of these buy orders have already been partially filled. As of the time of reporting, the net buying momentum for HYPE tokens is expected to reach $6.7 million in the next 24 hours, with $1.45 million anticipated in the next hour.