A certain whale has bought 397,000 HYPE tokens in the past three days and staked all of them, worth approximately $29.29 million

BlockBeats news, November 12: According to a post by on-chain analyst Yujin, Hyperliquid's native token HYPE dropped 26% from $96 to $71 this month. Over the past three days, an alleged whale or institution has purchased 396,811 HYPE tokens across multiple exchanges, amounting to approximately $29.29 million, and deposited all acquired tokens into staking about six hours ago.