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21Shares Buys $2.4M of HYPE, First Inflow in 20 Days

21Shares bought $2.4 million of HYPE on September 17, its first inflow into the token in 20 days, while Bitwise bought $1.9 million of HYPE the same day. HYPE has risen 11% over the past 24 hours to $86.67, not far from its all-time high of $89.60.

Original source

AI take

Two established issuers returning to the same token on the same day is a notable shift after a three-week gap, suggesting the earlier pause may have been tactical rather than a loss of conviction. The proximity of the price to its all-time high matters less than the fact that inflows are resuming at that level — a test of whether institutional demand follows strength rather than dips. Whether this marks a broader re-engagement or a single-day coincidence is the open question.

Generated by AI for reference only.

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