Large Trader Accumulates 490,000 HYPE Tokens in Recent Buying Sprint, Signaling Cost Optimization Strategy

A prominent investor’s recent transaction pattern suggests an aggressive position-building strategy in Hyperliquid (HYPE). According to on-chain analytics, this large trader has been systematically accumulating the token across multiple phases, with the most recent 490,000 HYPE acquisition occurring within the past two weeks.

Nine-Month Accumulation Timeline Reveals Strategic Positioning

The trader’s engagement with HYPE extends across a considerable timeframe. Between July and October of the previous year, this investor initially purchased 581,000 HYPE tokens valued at approximately $14.4 million. Following this initial position, the trader then transferred 323,000 HYPE tokens (representing roughly $8 million in value) to the Hyperliquid trading platform through a connected wallet address—a move that signaled intent to engage in active trading rather than long-term holding.

Recent 490,000 Token Purchase Points to Averaging Down Tactics

The most significant development emerged in the past fortnight, when this trader acquired an additional 490,000 HYPE tokens worth approximately $12.1 million. This substantial purchase indicates a “averaging down” strategy—a tactical approach where investors add to their positions at lower entry prices to reduce their overall cost basis.

At current valuation levels around $21.07 per token, this averaging-down strategy appears strategically timed. The cumulative purchasing pattern across these multiple phases demonstrates this trader’s confidence in HYPE’s long-term potential, even as they optimize their entry positions through methodical, staged accumulations. Such whale activity often signals market confidence and can influence broader investor sentiment in emerging trading protocols.