- We accumulated over $9 million in hype within 24 hours using tailored spot orders.
- Both wallets funded spot accounts from Arbitrum before purchasing massive hype.
- Despite its large holdings, both wallets show slight unrealized losses due to price shifts after the acquisition.
A surge in high-value hype token transactions was recorded between June 8th and 9th, 2025, with two crypto wallets identified as 0xD83 and 0x9E8, performing purchases over $9 million. On-chain records show a clear pattern of structured accumulation, including synchronous execution of pre-funded spot accounts and large purchase orders.
Wallet address 0xD83CFF88A32FFBF3951F2B13E4A0A37103B3193D A major acquisition was made on June 9th at approximately 02:15 GMT. The first recorded deal included 71,431.42 hype tokens purchased for $35 each, costing around $2.5 million.
This was followed by two additional spot orders, $35.375 with hype of 35,968.37 and $35,508.73 with hype of $35.5, worth $1.27 million and $1.26 million, respectively. All three transactions complete within a short time and show pre-configured order placement.
Whale is buying $ hype today!
1️⃣Whale “0xd83” spent $2.5 million in USDC to average the first 70,617.6 $ hype. Prices ranging from $35.40 to 2 hours ago.
Two-whip “0x9e8” spent another $1 million in USDC and bought an average of $28,500 hype. Prices from $35.09 to 18 hours ago, increased holdings to $196,344 hype…pic.twitter.com/qp4xbhv2wu
– June 9, 2025, spots from the chain (@spotonchain)
To facilitate these purchases, the wallet received a 2.5 million USDC deposit from the Arbitrum network. A few seconds later, the funds were transferred from the permanent wallet account to the spot trading account. The wallet currently holds a hype token of 70,617.6, and is currently valued at $2,460,741.04.
At the time of reporting, Holdings has shown an unrealized loss of perhaps $39,358.93 or -1.57% due to market price adjustments after a large order. The USDC balance was close to zero, with only 0.03 USDC remaining, and no active positions were detected in staking or permanent transactions.
Wallet 0x9E8 expands its holdings to approximately $7 million
Wallet 0x9E875BD28E5E001478C16CB0C8329116A3C3E816 conducted another round of accumulation on June 8th. The wallet ran three transactions within two seconds, buying 28,500 hype tokens at an average price of $35.545, $35.524, $35.524, $35.524, $35.524 and $35.5436. These purchases are valued at $302,136.43, $355,235.37 and $354,362.32, totaling over $1 million.
This payment was supported by a deposit of 999,999.82 USDC sent from the Arbitrum network. Similar to Wallet 0xD83, the wallet moved its full amount from its permanent balance to its Spot account before it passed the order.
As of now, the wallet contains a 196,344.22 hype token worth a total of $6.87 million, following a token price of $34.974. Under the current situation, the unrealized loss was $131,510.45, which corresponds to a -1.88% drop. The wallet has a USDC worth just $1,645 and is not participating in any other Defi activities.
