HYPE welcomes large transactions: whale purchases drive market trends

On February 6th, according to Onchain Lens data, a large trader purchased 319,401 HYPE tokens for $7.90 million, with an average price of $24.75. It is worth noting that the trader also holds 3.19 million USDC, of which about 2.19 million USDC are used for unfinished limit order purchases, indicating a positive outlook for HYPE.

 

Meanwhile, well-known analyst Ansem recently stated that there may be a rebound in the next few days, especially if there are no significant adverse changes in Trump's negotiations with Canada and Mexico. According to his view, although Bitcoin (BTC) and HYPE have performed well, the market structure of most other cryptoassets has been disrupted and will take some time to recover. Therefore, HYPE may see a rebound, and with more funds pouring in, its performance is worth paying attention to in the short term.