Hype Whale Secures $5.3M Profit After Liquidating Entire HYPE Position

An anonymous cryptocurrency whale has made headlines after selling their entire $24.4M position in HYPE, the native token of the Hyperliquid protocol.

The whale, identified by wallet address starting with 0x3527, accumulated 301,937 HYPE tokens between May and July at an average price of $63.

Sold recently for a total of approximately $24.4 million, this sale resulted in a profit of over $5.3 million for the whale.

This large-scale sell-off comes amid notable volatility in the HYPE token's price movement since its launch.