Whale Acquires $10.32M in HYPE Tokens From Galaxy Digital OTC

Edgen Crypto

·Jan 26 2026, 05:31

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Key Takeaways

An unidentified large-scale investor, or whale, has executed a significant over-the-counter (OTC) purchase of HYPE tokens, signaling potential institutional interest. The transaction was facilitated by Galaxy Digital's trading desk, a prominent player in the digital asset space.

A single wallet address, 0xd4d, recently received 465,000 HYPE tokens in a private transaction.
The deal, valued at $10.32 million, was executed via the Galaxy Digital OTC desk.
This same wallet also accumulated 56.12 million ENA tokens approximately 2.5 months prior, indicating a pattern of large-scale acquisitions.

Whale Wallet Secures $10.32M HYPE Position via OTC

An anonymous wallet identified as 0xd4d has acquired 465,000 HYPE tokens, valued at $10.32 million, in a significant over-the-counter (OTC) transaction. The trade was sourced from the Galaxy Digital OTC desk, indicating a private, off-market deal. OTC transactions of this magnitude often suggest a long-term strategic accumulation by a large investor, as they minimize immediate price impact that would occur with a large market order on a public exchange.

Accumulator Previously Acquired 56.12M ENA Tokens

This recent HYPE purchase is part of a broader pattern of large-scale token acquisitions by this specific whale. On-chain data reveals that the same wallet, 0xd4d, received 56.12 million ENA tokens approximately 2.5 months ago. This history of substantial, infrequent accumulations points to a calculated strategy, possibly by an institution or high-net-worth individual building significant positions in specific assets. While the investor's identity remains unknown, their consistent use of major OTC desks for nine-figure transactions highlights a sophisticated approach to entering the market.