PANews reported on November 7th that, according to Spot On Chain monitoring, two whale addresses spent a total of 21.06 million USDC to purchase HYPE tokens over the past two days. Whale "0x5AE" spent 11.21 million USDC to purchase 285,821 HYPE tokens at an average price of $39.23, and still holds 2.79 million USDC as a reserve. Whale "0x152" invested 9.85 million USDC to purchase 249,073 HYPE tokens at an average price of $39.54, and still holds 703,000 USDC. Both whales are currently experiencing slight losses… but seem to be preparing for a major strategic move.