Despite recent selling by institutions, some whales are still accumulating $HYPE. Over the past 5 days, 3 newly created wallets withdrew 165,425 $HYPE ($9.16M) from #FalconX.

What happened

Three newly created wallets moved 165,425 HYPE tokens, worth about $9.16 million, out of the FalconX exchange over the last five days.

Confirmed

Global impact / market context

The withdrawals show that large holders (whales) are still buying HYPE despite recent institutional selling, which could support the token’s price and signal confidence among big investors.

Analyst inference

Institutional investors have been selling HYPE, creating downward pressure, while the new whale accumulation may counter that trend and create a tug‑of‑war between supply and demand.

Analyst inference

What to watch

1. Future on‑chain activity of these wallets – additional purchases or sales could reveal whether the accumulation is a short‑term move or a longer‑term hold. Analyst inference
2. Changes in institutional trading volume for HYPE – a reversal to buying could amplify price support from the whale activity. Analyst inference
3. Regulatory or exchange announcements affecting FalconX or HYPE listings, which might influence where large holders keep their tokens. Proposed

Evidence

• x.com