According to MLM monitoring, Trade.xyz transferred $3.25 million from its perpetual futures fee wallet to its spot account and began purchasing approximately 59,000 HYPE tokens via a TWAP strategy, valued at around $3 million. On August 5, Trade.xyz transferred 250,000 USDC from its perpetual futures fee wallet to its spot account, used approximately $110,000 of it to buy 2,000 HYPE tokens, and subsequently used them to purchase HIP-3 Ticker.
Trade.xyz transfers $3.25M to purchase 59,000 HYPE tokens
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Summary
On-chain data shows that Trade.xyz transferred $3.25 million from its perpetual contract fee wallet to its spot account and began purchasing approximately 59,000 HYPE tokens using a TWAP strategy. On August 5, the platform transferred 250,000 USDC and used $110,000 to buy 2,000 HYPE tokens, which were later used to acquire the HIP-3 Ticker. Crypto news platforms such as AiCoin reported the activity, highlighting ongoing fund movements within the project’s ecosystem.
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