Early HYPE Whale Dumps 4.99M Tokens for $229M, Banks $149M Profit – Top Signal?
An early Hyperliquid whale has offered 4.99 million HYPE tokens for $228.76 million at a mean worth of $45.82, realizing a revenue of $148.63 million after holding for 9 months.
The whale bought 5.07 million HYPE tokens at a mean worth of $16.23 and now retains solely 77,089 HYPE value roughly $3.37 million, in accordance with blockchain analytics agency Lookonchain.
The large selloff joins a broader wave of whale capitulation on Hyperliquid as merchants rotate capital into competing platform Aster DEX on BNB Chain.
Multiple massive holders have accelerated promoting over the previous week, collectively dumping over $100 million value of HYPE tokens whereas shifting funds to Aster following endorsements from former Binance CEO Changpeng Zhao.
Arthur Hayes Exits After Predicting 126x Surge, Cites November Unlock
The Hype liquidation mass started after BitMEX co-founder Arthur Hayes sold his entire HYPE position on September 21, netting roughly $823,000 in revenue from 96,628 tokens for a 19.2% return.
Hayes acknowledged he wanted funds for a deposit on a “new Rari 849 Testarossa” luxurious automobile shortly after the sale.
Just weeks earlier on the WebX 2025 convention in Tokyo, Hayes publicly predicted HYPE may surge 126x over three years, citing Hyperliquid’s rising ecosystem and anticipated stablecoin market growth.
He claimed annualized charges on the platform may develop from $1.2 billion to $255 billion.
Despite the bullish forecast, Hayes exited forward of a major token unlock occasion.
Research shared by Maelstrom signifies that 237.8 million HYPE tokens will start vesting on November 29 over a interval of 24 months.
At present costs of $45, the unlock would imply $10.7 billion in worth, translating to roughly $446 million in month-to-month promoting stress.
Current buybacks solely soak up about 17% of that quantity, creating substantial provide overhang considerations.
Maelstrom famous that builders with life-changing token sums vesting face stress to appreciate positive aspects, questioning whether or not the platform can preserve worth help via the unlock interval.
Whale Exodus Accelerates as Aster DEX Overtakes Trading Volumes
Multiple whales have accelerated HYPE liquidations over the previous week, with one outstanding holder selling 2.441 million HYPE value $102.5 million whereas retaining 2.629 million HYPE, valued at $110.4 million.
On September 25, this whale offered 767,000 HYPE value $32 million in web promote stress over 5 hours, offloading roughly 48.15% of holdings.
Another early whale holding over 2 million HYPE offered 201,900 tokens value $8.93 million in two hours on September 24, shifting funds from Hyperliquid to Aster.
The whale retains 1.8 million HYPE valued at $80 million.
A separate whale pockets sold 67,006 HYPE for $3.82 million on September 12, bringing complete income to over $57 million after buying 1.26 million tokens at $7.52 common.
One whale identified as 0xa523 misplaced over $40 million in lower than a month via failed buying and selling methods.
The dealer beforehand offered 886,287 HYPE for $39.66 million at a loss, which might now characterize an unrealized acquire of almost $9 million.
Additional losses included over $35 million on an Ethereum lengthy place, $614,000 on an Ethereum brief, and $2.33 million on a present Bitcoin brief place.
Influential dealer James Wynn opened a leveraged brief place on HYPE at $45.25, citing Aster’s fast progress and the November token unlock as downward pressures.
Wynn acknowledged he expects “decrease, a lot decrease” costs for HYPE as Aster positive aspects market share with help from crypto communities.
Aster DEX has overtaken Hyperliquid in seven-day buying and selling quantity and every day charges, producing over $25 million within the final 24 hours as of September 30.
The platform’s modern options embrace hidden orders and a PvE buying and selling mannequin that entice customers searching for alternate options to Hyperliquid.
Reports additionally suggest CCZ holds greater than $100 million value of ASTER tokens in his private pockets, although this stays unconfirmed.
Despite the promoting stress, HYPE stays up over 660% since launch.
However, as a consequence of whale exits, competing platform progress, and looming token unlocks, it’s unclear what the subsequent trajectory of Hyperliquid will probably be because it heads into the fourth quarter.
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