The cryptocurrency market has been buzzing with activity following significant sales of Hyperliquid’s HYPE token by two large wallets, totaling approximately $108.81 million. This development, reported by Lookonchain, has captured the attention of investors eager to understand the movements of these major players.<\/p>\n
One of the notable transactions involved a wallet identified by the prefix \u201c0x2685,\u201d which liquidated around 912,383 HYPE tokens for roughly $82.09 million. This sale is believed to have occurred about a month after the tokens were purchased, yielding a profit exceeding $10 million.<\/p>\n
In addition, another wallet, labeled \u201c0x648F,\u201d sold 296,705 HYPE tokens, bringing in approximately $26.72 million. The tokens from this wallet were acquired around 11 months ago, resulting in a profit of about $16.5 million.<\/p>\n
Combined, these transactions generated profits exceeding $26.5 million for the individuals behind the wallets, as noted by Lookonchain. However, details surrounding the wallet owners and their rationale for selling remain undisclosed.<\/p>\n
The price of HYPE experienced a notable surge this week, escalating from around $78 to over $97. Despite the increase, the token has not managed to surpass its all-time high of $97.98.<\/p>\n
This selling activity from major wallets has sparked discussions about the potential implications for the HYPE token’s future price movements and investor sentiment.<\/p>\n
This is not investment advice.<\/p>\n","protected":false},"excerpt":{"rendered":"
The cryptocurrency market has been buzzing with activity following significant sales of Hyperliquid’s HYPE token by two large wallets, totaling approximately $108.81 million. This development, reported by Lookonchain, has captured the attention of investors eager to understand the movements of these major players. Major Transactions Breakdown One of the notable transactions involved a wallet identified […]<\/p>\n","protected":false},"author":14,"featured_media":60906,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"Whales Liquidate $108 Million in Altcoin from Two Wallets - Bitrabo","description":"The cryptocurrency market has been buzzing with activity following significant sales of Hyperliquid's HYPE token by two large wallets, totaling approximately $1"},"_slim_seo_primary_term_category":0,"_slim_seo_primary_term_post_tag":0,"footnotes":""},"categories":[316],"tags":[785,626,561,1209,1919,457,1244],"class_list":["post-60905","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-altcoin","tag-major","tag-million","tag-sell","tag-wallets","tag-whales","tag-worth"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/60905","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=60905"}],"version-history":[{"count":1,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/60905\/revisions"}],"predecessor-version":[{"id":60907,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/60905\/revisions\/60907"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/60906"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=60905"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=60905"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=60905"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}