Exchanges· ★★★· bullish·

Grayscale's HYPG fund buys $7.8M of HYPE over 20 days

  • —HYPG net-bought $7.8 million of HYPE in 20 days
  • —Inflows into HYPG occurred on just 3 of 20 days
  • —THYP saw $20.9 million in outflows over the same period
  • —HYPE was trading at $79.38 at publication
Why it matters: Grayscale is adding to HYPE even as money leaves THYP, a sign of institutional appetite for the token.
Source: PANews