According to Lookonchain, two whale investors acquired a combined 385,720 HYPE tokens valued at $14.9 million within three hours, signaling significant institutional activity. Wallet 0x7E4E purchased 259,367 HYPE for $9.97 million USDC at an average price of $38.5, while wallet 0x5dE5 bought 126,353 HYPE for $4.94 million USDC at $39.1 and subsequently staked the tokens. This surge in large-scale HYPE purchases and the immediate staking of newly acquired tokens indicate increasing confidence and potential for upward price movement, which could catalyze higher trading volumes and volatility across HYPE-related pairs. Traders should closely monitor these on-chain whale activities for short-term price action cues and market sentiment shifts. (Source: Lookonchain, June 10, 2025)