Hyperliquid Whales Bet Big on HYPE with $204M Staking Spree

Two whale wallets associated with Hyperliquid have collectively staked over $204 million in HYPE tokens within 24 hours. One of the whales, spread across 19 separate wallets, invested 2.93 million HYPE worth approximately $172 million. These tokens were purchased nine months ago at an average price of $44 and now hold around $44.5 million in unrealized profit.

The first whale's decision to stake rather than sell indicates a long-term stance on the token. In contrast, the second wallet added another $32.87 million after receiving 557,902 HYPE through FalconX, staking the full amount immediately without any trading activity.

Wise Crypto flagged this significant staking activity, noting that it suggests 'smart money' adding to positions rather than exiting them. Staking removes tokens from immediate circulating supply, which can reduce available sell-side liquidity on exchanges.