Huo Xing Cai Jing reports, according to Onchain Lens monitoring, a whale holding the genesis token $HYPE has begun realizing profits, estimated to have gained over $94,000,000 from $HYPE. The whale received 819,335 $HYPE tokens from the HyperLiquid genesis allocation and subsequently purchased 676,798 $HYPE tokens at an average price of $4.29, spending $2,900,000. Eight hours ago, the whale withdrew 500,000 $HYPE tokens (valued at $33,000,000) from the HyperLiquid platform and deposited 211,001 $HYPE tokens (valued at $13,820,000) into Coinbase. The whale currently holds 1,284,955 $HYPE tokens, valued at $82,620,000.
HyperLiquid Whale Begins Selling HYPE, Estimated Profit Exceeds $94M
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Summary
Whale activity on HyperLiquid has intensified as a major whale begins selling $HYPE tokens, with estimated profits exceeding $94 million. The whale originally received 819,335 $HYPE in the genesis allocation and later purchased 676,798 at $4.29, spending $2.9 million. Whale activity became evident eight hours ago when 500,000 $HYPE ($33 million) was withdrawn and 211,001 $HYPE ($13.82 million) was deposited into Coinbase. The whale still holds 1,284,955 $HYPE, valued at $82.62 million.
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