Grayscale associated wallets purchased and staked over 510,000 HYPE tokens, worth approximately 24.95 million USD
By: rootdata|2026/05/25 10:42:01
0
Share
According to on-chain analysis firm Lookonchain's tracking data, two wallets associated with Grayscale purchased and immediately staked 510,387 HYPE tokens, with a total value of approximately $24.95 million.
This move comes as Grayscale advances its HYPE spot investment product, having submitted an initial S-1 registration statement in January 2026 and amended the documents on May 11 to include direct network staking provisions, intending to list on Nasdaq under the ticker HYPG.
Coinbase Custody is responsible for the security of the underlying tokens, while BNY Mellon provides administrative and operational support. The large-scale institutional purchases and locked staking have reduced the circulating supply in the market, pushing the HYPE spot price toward a historical high around May 20. The eventual listing of the product still depends on the approval results from federal securities regulators.
You may also like
Key Takeaways: Full Text of Google Chief Scientist Shanahan's Speech
Google DeepMind Chief Scientist Shanahan's London Speech: Deconstructing the mental attributes of large language models (LLM) using the framework of Wittgenstein, analyzing the trend of "alien self-identity" under the context of all-weather agents.
SuperEx's Mars exploration dream: Digital currency is the key to unlocking economic exchanges in the interstellar era
SuperEx has always called for exchanges to focus not on internal strife and competition, but on jointly promoting the development of digital currencies, becoming a driving force for the future interstellar era.
Morning News | Michael Saylor stated that this week he bought bonds instead of Bitcoin; StablR was attacked and lost about 2.8 million dollars; the U.S. Congress is pushing the Bitcoin Reserve Act again
Overview of Important Market Events on May 24
a16z: 7 Images to Understand How Tokenization Changes the Nature of Assets
It's far more than just moving traditional assets onto the blockchain.
The secret to Hyperliquid's success dismantled from the five-layer financial stack
Hyperliquid is not a DEX that continuously adds features, but rather a financial operating system built in a strict sequence.
After Futu Securities was banned, will buying stocks on-chain be the new remedy?
If it moves steadily, it may be an important stop for financial assets on the blockchain; if treated as a detour tool, it will become the next risk site.
Why Crypto Traders Are Watching Gold and Nasdaq Again in 2026
Bitcoin is ranging while gold and Nasdaq volatility surge in 2026. Discover why crypto traders are using USDT to trade gold, silver, and global indices without a traditional brokerage account.
Why have foreign exchange stablecoins never taken off?
Rather than issuing a local currency stablecoin from scratch, it is better to build a layer of foreign currency pricing on top of a USD stablecoin, allowing users to enjoy the liquidity of the dollar while keeping accounts in local currency.
AIDC, computing power leasing, and cloud: The "three-part thesis" of AI transformation in cryptocurrency mining farms
The "AI transformation" of cryptocurrency mining farms is not just a slogan; it is unfolding in three recognizable stages.
Futu has had all its illegal gains confiscated, reminding cryptocurrency exchanges
Even if foreign financial institutions obtain licenses abroad, as long as you are effectively providing financial services to residents in mainland China, Chinese regulatory authorities may evaluate your actions according to Chinese law.
Football, Web3 & Champions' Energy: A Recap of WEEX's LALIGA VIP Meetup in Barcelona
Relive WEEX's exclusive LALIGA VIP Meetup in Barcelona with football legend Fernando Morientes. From a fireside chat and on-site WEEX x LALIGA signing to partner awards and a live LALIGA match broadcast, discover how WEEX connected football culture, Web3, and community.
Pizza, Poker & AI Trading: A Recap of WEEX Crypto Pizza Day in Dubai
Relive WEEX Crypto Pizza Day in Dubai, where the MENA crypto community gathered at WEEX Dubai Studio to celebrate Bitcoin Pizza Day with pizza, poker, networking, and a live AI trading competition. Discover how WEEX turned a historic crypto milestone into a hands-on AI trading experience.
Morning Report | SpaceX reveals it holds approximately $1.45 billion in Bitcoin; Nvidia's Q1 financial report shows revenue of $81.6 billion; Manus plans to raise $1 billion for buyback business
Overview of Important Market Events on May 21
IOSG Founder: Please tell Vitalik the truth, let the OGs who have enjoyed the industry's dividends enlighten the young people
The wage earners freeze to death on the road, the sellers of goods die of thirst on the way. The weavers of brocade wear coarse cloth, and the grain growers do not have enough to eat.
Insiders: DeepSeek is forming a Harness team to compete with Claude Code
DeepSeek Code is coming.
The financial changes under the new SEC regulations: Opportunities and regulatory red lines behind "tokenized stocks"
In-depth analysis of "tokenized stocks": The SEC's advancement of an innovation exemption framework has sparked heated discussions, revealing the real risks behind third-party "synthetic asset" certificates and 24/7 trading.
SpaceX officially submitted its prospectus, unveiling the largest IPO in history
SpaceX's public market debut could take place as early as June, making it the first in a series of giant IPOs from AI companies, with OpenAI and Anthropic also waiting for the right moment.
Blockchain Capital Partner: The structure of on-chain dual-layer capital is still in the early stages of value discovery
How can the on-chain economy build a capital structure that promotes open innovation while also considering institutional scale?
Key Takeaways: Full Text of Google Chief Scientist Shanahan's Speech
Google DeepMind Chief Scientist Shanahan's London Speech: Deconstructing the mental attributes of large language models (LLM) using the framework of Wittgenstein, analyzing the trend of "alien self-identity" under the context of all-weather agents.
SuperEx's Mars exploration dream: Digital currency is the key to unlocking economic exchanges in the interstellar era
SuperEx has always called for exchanges to focus not on internal strife and competition, but on jointly promoting the development of digital currencies, becoming a driving force for the future interstellar era.
Morning News | Michael Saylor stated that this week he bought bonds instead of Bitcoin; StablR was attacked and lost about 2.8 million dollars; the U.S. Congress is pushing the Bitcoin Reserve Act again
Overview of Important Market Events on May 24
a16z: 7 Images to Understand How Tokenization Changes the Nature of Assets
It's far more than just moving traditional assets onto the blockchain.
The secret to Hyperliquid's success dismantled from the five-layer financial stack
Hyperliquid is not a DEX that continuously adds features, but rather a financial operating system built in a strict sequence.
After Futu Securities was banned, will buying stocks on-chain be the new remedy?
If it moves steadily, it may be an important stop for financial assets on the blockchain; if treated as a detour tool, it will become the next risk site.
Popular coins
Latest Crypto News
Read more
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com
