Wallet 0xC32 linked to Arthur Hayes buys another $1M in HYPE, raising holdings to about $6.4M after multiple February purchases.
On-chain data reveals that wallet 0xC32, widely associated with Arthur Hayes, has purchased another $1 million worth of HYPE, bringing total identified holdings to approximately $6.4 million after multiple transactions recorded in early and mid-February 2026 across tracked exchanges.
Wallet Activity Linked to Hayes
Blockchain trackers have identified address 0xC32 as closely connected to Arthur Hayes.
The wallet recently acquired an additional $1 million in HYPE. This purchase adds to a pattern of buying activity over the past year.
IS ARTHUR HAYES ACCUMULATING $HYPE?
0xC32, an address closely connected to Arthur Hayes just accumulated another $1 Million HYPE, and has been buying HYPE for over 1 year now. 0xC32 has previously deposited to a FalconX deposit associated with Hayes as well as a Hayes account… pic.twitter.com/JVsTBWeiXP
— Arkham (@arkham) February 19, 2026
The same address has previously deposited funds to a FalconX account associated with Hayes. It has also interacted directly with a wallet tied to him.
These transactions have strengthened the perceived link between the address and the former BitMEX CEO.
Current data indicates that 0xC32 now holds about $6.4 million worth of HYPE. The accumulation has occurred through multiple transactions over time.
The activity has been visible through public blockchain records.
February Purchases Increase Position
During the first two weeks of February 2026, several notable transactions were recorded.
On February 4, Hayes acquired 57,881 HYPE tokens valued at around $1.91 million.
Reports indicate that the purchase was funded by selling portions of ENA and LDO holdings.
Arthur Hayes(@CryptoHayes) sold $PENDLE, $ENA, and $LDO, then bought $HYPE.
Over the past 24 hours, he bought 57,881 $HYPE($1.91M) and now holds 131,807 $HYPE($4.33M).https://t.co/BVqcbjK3YEhttps://t.co/F1aKdqwgqN pic.twitter.com/tKhZvsflGk
— Lookonchain (@lookonchain) February 4, 2026
On February 12, another transaction added 20,274 HYPE tokens worth roughly $603,000.
At that stage, total identified holdings reached 189,195 HYPE. The estimated value stood near $5.79 million at the time.
By February 16, additional HYPE tokens were acquired through the Gate.io exchange.
This raised the total position to roughly $6.12 million before later purchases lifted it further to about $6.4 million.
The steady increase suggests continued engagement rather than short-term trading.
Related Reading: Hyperliquid Overtakes Coinbase With $2.6T Onchain Trading Surge
Long-Term Accumulation Pattern
Data shows that the wallet has been purchasing HYPE for more than one year.
The repeated accumulation over an extended period has drawn attention from market participants tracking large holders.
There have been no major outflows from the address during this period.
HYPE is the native token of the Hyperliquid decentralized exchange and plays a role within its trading infrastructure.
As activity on decentralized exchanges grows, large token positions often attract scrutiny. On-chain transparency allows market observers to monitor such movements in real time.
Arthur Hayes has not publicly confirmed ownership of the wallet or commented on the recent transactions.
However, blockchain records show a consistent pattern of buying and balance growth.
The latest $1 million purchase adds to evidence that exposure to HYPE has expanded through ongoing accumulation rather than isolated speculation.
