Whales Buy Amid Record Hyperliquid Crypto ETF Outflows

Despite record outflows from Hyperliquid Crypto ETFs worth $5.29 million on September 9, one whale added another 116,427 HYPE tokens valued at approximately $9.91 million.

A separate whale purchased an additional $26 million in HYPE on the same day, increasing its total holdings to 4.05 million tokens valued at $322 million.

These large transactions contradict the overall trend of fund flows, which showed a reversal from previous mostly positive inflows.

The HYPE token price declined 6.4% in a single day and traded near $80.83 after failing to hold above the resistance area of $86-$87.