Hyperliquid whale bags $2.8mln profit – Can HYPE still reclaim $45?
The post Hyperliquid whale bags $2.8mln profit – Can HYPE still reclaim $45? appeared on BitcoinEthereumNews.com. After a sharp drop, Hyperliquid successfully defended the $40 level and rebounded to $ 42.80. With HYPE now hovering around $42, some whales have decided to cash out, most likely to lock in gains. According to Onchain Lens, a whale sold 213,419 HYPE for $8.93 million at $41.84 per HYPE. After the sale, the whale realized $2.8 million in profit. Source: HypurrScan This whale has been on a buying spree, over the past 2 months scooping up 467,188 HYPE for $16.63 million. Having bought at an average price of $35.59, the entire holdings sit in profit. After the sale, the whale still holds 253,769 HYPE worth $10.5 million. The whale’s decision to cash out after HYPE retraced from $47 shows fear of holding the positions for extended periods. Hyperliquid market demand remains steady Despite the above whale profit taking, demand for HYPE has remained steady, indicating continued a