FalconX Whales Unload Over 800K HYPE Tokens Amid Price Volatility

Hyperliquid (HYPE) has seen significant wallet activity as over 700,000 tokens were transferred from FalconX-associated hot wallets to centralized exchange deposit addresses. The total value of these transactions exceeded $50 million based on reported values.

The price of HYPE recovered after initially falling toward the $72 area and has since regained a footing near its intraday peak of $76.33, which is just 3% below its all-time high of $77.55.

The recent market attention surrounding Hyperliquid has been fueled by potential U.S. regulatory developments, including comments from President Donald Trump regarding efforts to bring the platform into the United States through a compliant framework.