Woofun AI data shows that HypeStrat, a company within the Hyperliquid ecosystem, acquired 600,000 HYPE tokens during the past seven days, representing a value of approximately $40.6 million.

Concurrently, the firm's cash position declined by roughly $36 million. With mNAV near or below 1, no new shares were issued, leaving the company with approximately $149.4 million in cash reserves.