A whale made a significant investment of $7.9 million in HYPE, showcasing strong confidence in the cryptocurrency. The move has led to an increase in Open Interest, leaving market participants speculating whether this could lead to a price rebound or further accumulation of the asset.
With these developments, the market eagerly awaits to see if the investment will bolster HYPE's market performance or signal a broader trend within the cryptocurrency, driving momentum and interest in future projects.