Is Grayscale Quietly Accumulating Hyperliquid? Arkham Flags $10M HYPE

• Arkham data shows a suspected Grayscale wallet now holds 176,050 HYPE worth about $9.84 million.
• Arkham says the Grayscale-linked wallet accumulated HYPE via OTC and exchanges.
• HYPE surged above $50 amid rising accumulation signals, extending its weekly gains to nearly 47%.

Arkham Intelligence has flagged fresh on-chain activity involving an address suspected to be linked to Grayscale after the wallet accumulated a large position in HYPE over the past week.

The address, 0x61…4318, currently holds 176,050 HYPE, valued at about $9.84 million. It also transferred 149,100 HYPE, worth roughly $7.49 million, to the Hyperliquid System Address.

Arkham Flags Suspected Grayscale Wallet With $10M HYPE

According to Arkham, the suspected Grayscale-linked address built its position through exchanges or OTC desks, including Wintermute, FalconX, Coinbase, and …

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