Famous Investor Machi Big Brother Recently Made a Large Purchase of HYPE Tokens, Spending Millions of Dollars, Sparking Market Attention on the “Whale” Effect and Future Market Outlook for HYPE.
(Background: Machi Big Brother Successfully Evaded Ethereum’s Downturn)
(Context: Trader James Wynn’s High-Leverage Legend on Hyperliquid: From 6 Million to 43 Million Dollars)
The phrase “the whale has come to bump” leaves a deep impression, as Machi Big Brother’s significant operations in the cryptocurrency market once again attract attention. According to on-chain data tracked by Ember, he has continuously purchased HYPE spot since May 17, accumulating a total amount of 5.89 million dollars, with current unrealized gains exceeding 1.4 million dollars.
Machi Big Brother Huang Licheng (@machibigbrother) has been increasing his holdings of $HYPE since 5/17. In recent days, he has continued to add to his position. He has now accumulated a total purchase of 200,000 $HYPE tokens, spending 5.89 million dollars. His average purchase cost is around 29.4 dollars, with current unrealized gains of 1.4 million dollars.
Address link: https://t.co/ceMeFVkhvD
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Machi Big Brother Continues to Increase HYPE Spot Holdings
Data shows that since May 17, Machi Big Brother has been continuously increasing his HYPE spot holdings. According to Ember’s monitoring data, as of the latest statistics, Machi Big Brother has accumulated a purchase of 200,000 HYPE tokens, with a total expenditure of 5.89 million dollars, and an average purchase cost of approximately 29.4 dollars. Based on the current market price, the floating profit from this investment has exceeded 1.4 million dollars.
As an influential “whale” investor in the cryptocurrency market, Machi Big Brother’s continuous buying behavior undoubtedly sends a positive signal for the HYPE token.
“Whale” Trading Triggers Market Chain Reactions
Large transactions from whales often have a significant impact on the cryptocurrency market, especially for specific tokens like HYPE. The influx of substantial funds can quickly alter market liquidity conditions and intensify price volatility. For instance, on May 17, a whale spent 1.75 million dollars in USDC to purchase 64,043 HYPE tokens at an average price of 27.3 dollars, causing a temporary liquidity drain and resulting in an 8.2% surge in the HYPE price within two hours.
Such large-scale purchasing actions are often interpreted by the market as a strong bullish signal from professional investors, easily attracting retail investors to follow suit, further amplifying market volatility.
In addition to direct price increases, the recent HYPE market also witnessed a severe short squeeze event. On May 23, whale address 0x20B1 was forced to close its short position worth up to 23.5 million dollars on the Hyperliquid platform, incurring significant losses. This event triggered a chain reaction that not only accelerated the rise in HYPE prices but also led to more short positions being forcibly liquidated.
With prices rising, HYPE’s market trading volume has also experienced explosive growth. The trading volume of HYPE in the past 24 hours has increased by over 170%, reaching approximately 400 million dollars. Additionally, the total value of open contracts on the Hyperliquid platform has reached a historic high of 8.9 billion dollars, indicating a continued rise in market interest and participation in this token.
