HYPE Whale Unloads $1.77M in Value Through Hyperliquid

A large HYPE token holder has transferred $1.77 million in value to Hyperliquid and is now executing sell orders through time-weighted average price (TWAP) trades.

The whale, identified by an address beginning with 0xDeB0, deposited 60,000 HYPE tokens before selling 31,560 of them on the platform.

In addition to this completed sale, two separate TWAP orders are currently active: one for approximately $2.1 million and another set to expire in about 15 hours with a value around $2 million.

The transfer of USDC to Coinbase could indicate plans for fiat conversion or further investment by the whale, but its intentions remain speculative without more on-chain data.