[Trade.xyz Uses Perpetual Contract Fee Revenue to Purchase HYPE Again, Transfers $3.25 Million and Begins Buying Approximately 59,000 HYPE] BlockBeats News, August 7, according to MLM monitoring, the Trade.xyz fee-receiving wallet transferred $3.25 million from its perpetual contract fee wallet to its spot account and began purchasing approximately 59,000 HYPE, valued at around $3 million, using a TWAP strategy. Previously, on August 5, Trade.xyz transferred 250,000 USDC from its perpetual contract fee wallet to its spot account and used approximately $110,000 of it to buy 2,000 HYPE, which was subsequently used to purchase the HIP-3 Ticker. This marked the first time Trade.xyz used perpetual contract fee revenue to buy HYPE. Previously, HYPE used for purchasing new HIP-3 Tickers was funded entirely by spot fee revenue. [Original Link]