Whale Places $10.8 Million in HYPE Buy Orders Below Market Price

A whale has placed 30 HYPE buy orders worth about $10.828 million across prices below the token’s current market price, indicating a planned pullback entry rather than an existing position.

Seven newly added limit orders total about $2.52 million and target prices between $64.099 and $77.93. The account’s earlier orders, placed beginning Oct. 8 and still active, bring the total order count to 30, spanning prices from $61.26 to $81.94.

HYPE was trading at about $84.22 when the orders were tracked. The highest buy order was therefore about 2.7% below the market price, while the remaining orders were distributed across the broader range.

The account had no HYPE holdings at the time, so the orders represent pending bids rather than completed purchases. The orders will only result in a position if market prices reach their respective levels and the bids are filled.