Hyperliquid Price Drops Amid Whale Withdrawals and Staking Activity

Hyperliquid's price slipped to $80.80 after falling by almost 3% in 24 hours, but remains within an immediate support range of $78 to $80.

The token's price drop comes as two linked wallets withdrew a total of 83,630 Hyperliquid tokens worth $6.69 million from Coinbase Prime, lifting their estimated two-week accumulation to $14.83 million.

This significant withdrawal has been attributed to a single whale, with Bitwise listing the associated wallet address among its BHYP holdings, which supports the reported association of over $74.9 million staked balance.