A notable surge in whale activity has been observed within the HYPE token market. Multiple large whales have accumulated a substantial amount of HYPE tokens, totaling approximately $5 million, in recent weeks. This influx of significant purchases has generated increased attention from market participants and could potentially increase market volatility. 0x005a and 0x75AE are prominent whale addresses known for their leveraged long positions and staking strategies, both of which contributed significantly to the circulating supply. The acquisitions were largely conducted in USDC, a stablecoin, signifying its importance as a means of executing large transactions.