Hyperliquid Strategies increased its holdings by purchasing 494,200 HYPE tokens valued at $45.8 million, while market attention heightened amid significant whale transfers and unstaking activity. As these moves unfolded, HYPE hovered near its recent all-time highs. On September 25, blockchain analytics firm Lookonchain tracked Hyperliquid Strategies’ recent acquisition, reporting that the purchase occurred over a 16-hour period from address 0x6436, which the firm associates with the entity. Throughout September, this address accumulated a total of 5.51 million HYPE, representing a cumulative value of about $476 million.