Gate News message, April 29 — A major whale on Hyperliquid platform initiated large-scale HYPE spot purchases today as the token rebounded to around $40 after hitting lows. The wallet address starting with 0x66f has placed two buy orders totaling approximately 250,000 HYPE tokens, valued at roughly $10.1 million, using a TWAP (time-weighted average price) execution strategy. One of the orders was nearly completed at press time.

The whale has additional plans to continue buying approximately $4 million worth of HYPE over the next seven hours. The wallet address is 0x66f463866512fc337c89bad2032acbe38ee38836.

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