HYPE Hits New High as Whale Buys $36M and Open Interest Tops $18B
- —HYPE gained 27% on the week and briefly topped $97
- —A whale bought 373,730 HYPE for $36 million, holding about 4.7 million tokens
- —Open interest in HYPE reached a record $18 billion
- —The burn program has removed 48.86 million HYPE, worth $4.76 billion
Why it matters: Record open interest and whale buying support the rally, but Wintermute's transfers to exchanges point to possible profit-taking.
Source: CoinCentral