Bitwise Buys Another 77,097 HYPE Worth $5.18 Million as ETF Buyback Strategy Ramps Up

Crypto Insight Summary: **Asset manager Bitwise scooped up another 77,097 HYPE worth about $5.18 million through prime broker FalconX, adding to a steady accumulation of Hyperliquid’s native token.** [Add us on Google](https://www.google.com/preferences/source?q=https%3A%2F%2Fnews.bitcoin.com%2F) WRITTEN BY [Shiraz Jagati](https://news.bitcoin.com/author/shiraz/) SHARE Crypto Insight Analysis: Direction: Bullish HYPE Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Large institutional buy increases demand for HYPE, boosting short-term price.