Arkham Identifies Grayscale Wallet Accumulating HYPE Tokens

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 1 hour ago

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Wallet Holdings: Arkham Intelligence identified a wallet allegedly linked to Grayscale holding 176,050 HYPE tokens valued at approximately $9.84 million, indicating strong institutional interest that could impact market sentiment.
Market Reaction: HYPE token surged past $57 in recent trading, gaining over 14% within 24 hours and nearly 47% over the past week, reflecting robust investor demand and pushing Hyperliquid's market cap above $14 billion.
Technical Indicator Analysis: Despite technical indicators showing overbought conditions with an RSI of 77, HYPE remains above its 50-day, 100-day, and 200-day moving averages, indicating strong buyer control and sustained bullish sentiment in the market.
Institutional Investment Expectations: As Grayscale continues to pursue investment products related to Hyperliquid, market focus intensifies on its potential ETF structure, with Arkham's report further fueling speculation about institutional interest in Hyperliquid.

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Technical Analysis for ARKM

Technical Sentiment Analysis for Arkham (ARKM). As of , Arkham (ARKM) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 3 indicators are flashing buy, while 2 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ARKM stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, ARKM is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Arkham (ARKM) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.071	0.0915	0.109	0.13	0.147	0.168	0.185
Fibonacci	0.0915	0.106	0.115	0.13	0.144	0.153	0.168

About ARKM

Arkham is a blockchain analysis platform that uses artificial intelligence (AI) to deanonymize the blockchain and on-chain data.The platform’s two main components are the Analytics Platform and Intel Exchange. The Analytics Platform covers analytics on various entities, exchanges, funds, whales and tokens. For instance, you can check the portfolio holdings, transaction history, exchange flows, network relationships and other on-chain analytics. The Intel Exchange allows anyone to buy and sell address labels and other intelligence, either through bounties, auctions or the DATA Program.Arkham uses an in-house AI engine with various sources of data, such as public records, social media, web scraping and user submissions. The data is used to label addresses and provide entity analytics for ULTRA, the company’s AI algorithm.Arkham’s platform can be used for various purposes, such as tracking stolen funds, identifying fraudsters, verifying counterparties, auditing transactions, investigating hacks, and more. Arkham claims that its platform can help combat the proliferation of crypto crimes and scams by incentivizing on-chain research.However, Arkham’s platform has also raised privacy concerns among some crypto users and advocates, who argue that deanonymizing the blockchain violates the principles of anonymity and censorship-resistance that underpin the crypto movement. Arkham has defended its platform by saying that it does not collect or store any personal data from users, and that it only provides publicly available information that can be verified on the blockchain.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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