Hyperliquid Whales Accumulate $64.9M in HYPE as Trader Loses $47.3M on Short and Long Positions
By
Shiraz Jagati
Hand-rolled, kettle-boiled, baked to perfection. Worth every minute at the bakery.
Summary
Hyperliquid (HYPE) whales are accumulating large amounts of the token, with one wallet withdrawing $64.9 million worth of HYPE from exchanges over three days. Meanwhile, a trader who initially lost $46.5 million shorting HYPE flipped to a long position and has since lost an additional $840,000. The large withdrawals suggest accumulation rather than selling intent.
Key quotes
· 3 pulledWhales are pulling HYPE off exchanges at a steady clip, suggesting accumulation rather than an intent to sell.
A newly created wallet tagged 0x6436 withdrew another 140,960 HYPE worth about $9.48 million, bringing its three-day haul to 902,317 HYPE, approximately $64.9 million.
A trader who lost $46.5 million shorting the token flipped long and is down another $840,000.
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