HYPE Whale Adds $20.35M via TWAP, Sustains 3-Day Spot Buying Rally

According to Hyperinsight, a HYPE whale added approximately $20.35 million in spot purchases via TWAP (time-weighted average price) orders on Hyperliquid yesterday and this morning (June 3). The orders include 111,500 HYPE tokens valued at roughly $8.02 million executed yesterday evening, plus five new orders for 171,000 tokens worth approximately $12.32 million in early trading today.

Over the past three days, the whale has cumulatively purchased over 551,200 HYPE tokens worth over $40 million across 10 addresses, accounting for nearly all TWAP buy-side volume. On-chain analysis traces the funds to address 0xb5E4d21240e9356caFc3a1261d10383f62DFc24e, potentially linked to a16z, with the entity holding 5.93 million HYPE tokens valued at approximately $427 million since early 2026.