Bitwise Snaps Up Another $24.4M in HYPE Within 12 Hours!

Bitwise has added another 336,474 HYPE tokens — worth approximately $24.43 million — to its holdings within a 12-hour window, signalling an aggressive and sustained accumulation posture from one of the most closely watched institutional crypto asset managers.

The pace of buying is notable: back-to-back purchases of this size from a regulated institutional player suggest conviction rather than opportunistic dip-buying. HYPE, the native token of the Hyperliquid ecosystem, has been drawing increasing institutional attention as the platform's on-chain derivatives volume continues to climb.

For market participants, Bitwise's repeated accumulation at scale is a directional signal worth tracking — institutional buyers of this profile don't typically move in 12-hour windows without a thesis.