Grayscale Snaps Up $24.95M in $HYPE and Stakes It — ETF Filing Already in Motion!

Grayscale has made a significant on-chain move into Hyperliquid's native token, with two wallets linked to the asset manager accumulating 510,387 HYPE tokens — worth approximately $24.95 million — over the past week, and staking the entire position. The purchase doesn't come out of nowhere…