[Grayscale's Two Associated Wallets Purchased a Total of 510,387 HYPE, Worth Approximately $24.95 Million] According to Deep Tide TechFlow, on May 21, on-chain analytics platform Lookonchain (@lookonchain) reported that over the past week, two wallets associated with Grayscale collectively purchased 510,387 HYPE (worth approximately $24.95 million) and staked them. Notably, Grayscale had previously submitted an S-1 registration statement for a HYPE ETF in January of this year. This significant on-chain accumulation may be closely related to the progress of its ETF strategy.