Grayscale buys 115,733 HYPE for $6.6M in one hour
Grayscale has made a significant purchase of HYPE tokens, acquiring 115,733 for approximately $6.6 million in just one hour. This acquisition is part of a larger strategy, as Grayscale-linked wallets have accumulated over 680,000 HYPE tokens worth around $35 million in a week. The buying spree coincides with Grayscale's efforts to launch a spot HYPE ETF, indicating strong institutional interest in the asset.
- ▪Grayscale purchased 115,733 HYPE tokens for about $6.65 million in one hour on May 21.
- ▪In the previous week, Grayscale wallets acquired a total of roughly 682,190 HYPE tokens valued at around $34.9 million.
- ▪Grayscale filed an S-1 registration with the SEC for a spot HYPE ETF, proposing to list it under the ticker GHYP on Nasdaq.
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Grayscale buys 115,733 HYPE for $6.6M in one hour Grayscale-linked wallets have accumulated over 680,000 HYPE tokens worth roughly $35 million in a single week, signaling aggressive institutional positioning ahead of a potential spot ETF. Share Add us on Google by Editorial Team May. 21, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); Grayscale-linked wallets scooped up 115,733 HYPE tokens, worth approximately $6.65 million, in the…
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