CandleFocus Crypto Whale Snaps Up Hyperliquid ($HYPE)Tokens Amid Price Dip
2025-01-10
Author: Content Editor
Cryptocurrency finance firm Amber Group has taken advantage of a price dip in the native token of the hybrid exchange Hyperliquid. It purchased 342,845 HYPE tokens for a total of $7.22 million, bringing its holdings to 730,749 tokens. Amber Group has spent a total of $10 million to accumulate the tokens, which are currently worth around $16 million. The price of HYPE has dropped by more than 40% in the last three weeks, alongside a wider market correction in cryptocurrencies. Hyperliquid is a hybrid exchange that combines elements of centralized platforms and decentralized ones. It faced an exodus of traders last year after concerns were raised about the presence of North Korean hacking groups on the exchange. However, trading volumes on Hyperliquid have continued to grow significantly.
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