HYPE Whale Sells Entire $24.4M Position, Secures $5.3M Profit

A large Hyperliquid holder sold its entire position of 301,937 HYPE tokens, worth about $24.4 million, after the cryptocurrency reached a record high on Wednesday.

The wallet, identified as 0x3527, made more than $5.3 million in profit from the sale. Its purchases were spread across May, June and July, with the wallet’s average entry coming in at roughly $63.

HYPE climbed to an all-time high of $83.53 earlier in the day. As of this writing, the token was trading at $81.98, up 42.8% over the past week.

Source: Lookonchain