CoinEx News: HYPE reached an all-time high of approximately $88.06 on September 3, while September 4 monitoring updates highlighted contrasting activity among some of the token's large holders. Whale wallet 0x6436 bought approximately 1.62 million HYPE for $133.8 million over the preceding 10 days, at an average price of about $82.4. Around three months earlier, the wallet bought roughly 1.28 million HYPE for $89.13 million, near $70 per token. The two purchase periods bring its total spending to approximately $223 million for 2.90 million HYPE. Separately, addresses attributed to Multicoin Capital were flagged for suspected sales totaling about $112 million since July 28. The latest cited transfer sent approximately 150,000 HYPE, valued at $12.78 million, to Coinbase. Multicoin's earlier purchases were estimated at 4.95 million HYPE, acquired from Galaxy Digital between January and July at an average price of $32.32.

With HYPE reaching an all-time high, large holders are taking different paths: one whale is adding at higher prices, while Multicoin-linked addresses show signs of profit-taking. The contrast puts the durability of buying demand at record prices in focus, as fresh purchases meet potential selling from lower-cost holders. For HYPE traders, the key question is whether buying demand can absorb that potential supply.