In the cryptocurrency market, there has been a surge in activity from large investors on the blockchain. Recent data indicates active accumulation and selling of their own token Hyperliquid, $HYPE, and also shows million-dollar transfers in wallets connected to Chainlink ($LINK).
According to blockchain data, today a major cryptocurrency investor (a crypto whale) bought an additional 40,000 $HYPE on Coinbase for an amount of approximately $2.3 million.
It was stated that the wallet in question increased its total holdings of $HYPE to 260,000 tokens through purchases made on Coinbase, Bybit, and other platforms over the past two months. At current prices, this large holder’s position in $HYPE is estimated at approximately $15.1 million.
Another major hype whale has started selling,
According to reports, another large investor put 60,000 $HYPE into Hyperliquid and began selling shares.
At this point, the large investor has earned about $1.77 million by receiving 31,560 $HYPE. In addition, it is noted that two sell orders for $HYPE are still active in the wallet via TWAP.
It is reported that one of the active orders is valued at roughly 40,000 $HYPE, or $2.1 million, and about 15 hours remain until it is executed.
From the same wallet on Coinbase, approximately $1.67 million in USDC was sent.
On the Chainlink platform, there was another movement by large investors. One of them transferred approximately 213,810 $LINK, which is $1.87 million, to their Gnosis Safe wallet.
The large investor withdrew the specified amount of $LINK from Binance about two weeks ago. Transferring tokens from a centralized exchange to a self-custody platform such as Gnosis Safe can be interpreted as a sign that the assets are not intended for short-term selling on an exchange. However, transfers to wallets alone are not enough to unambiguously predict the investor’s future transactions.