#Hyperliquid
đ +2,200% profit on Hyperliquid ($HYPE ): a whale cashes out tens of millions of dollars
While the market ponders the next move, an early Hyperliquid investor is selling off their holdings for a staggering profit.
đ Trade summary:
Entry: The whale purchased 257,928 HYPE at just $3.5 per token (total investment: ~$903,000).
Realization: In recent days, the investor unstaked and transferred 130,504 HYPEâworth approximately $10.7 millionâto the centralized exchange Kraken.
Remaining balance: About 127,000 HYPE (~$10.4 million) still remains in the wallet. The total value of the initial position has grown from $903k to nearly $21 million (+2,200%).
đ Price reaction and chart analysis:
Despite the large deposit to the exchange, the market absorbed the sell-off quite resilientlyâthere was no panic dumping. However, the price is showing some short-term weakness:
Current price: ~$82 (a ~16% pullback from the recent high near $98).
Indicators: The price has dropped below the 20-day ($86) and 50-day ($83.70) moving averages, and the RSI has fallen to the 40 level, signaling fading momentum.
đŠ Key levels:
đŽ Support: $79 (immediate) and $76.50 (100-day SMA). A close below $79 would pave the way for further correction.
đą Resistance: To regain the initiative, buyers need to close the day above $84 and break through $87.50. This would open the path to $90 and $95.
â ïž Summary: The sale of 130,000 tokens over a few days represents a classic profit-taking move following a 20-fold surge. While new transactions on Kraken may create short-term pressure, the overall uptrend remains intact, and the market's reaction to the $79â$76 support zone will be crucial for HYPE.
đ +2,200% profit on Hyperliquid ($HYPE ): a whale cashes out tens of millions of dollars
While the market ponders the next move, an early Hyperliquid investor is selling off their holdings for a staggering profit.
đ Trade summary:
Entry: The whale purchased 257,928 HYPE at just $3.5 per token (total investment: ~$903,000).
Realization: In recent days, the investor unstaked and transferred 130,504 HYPEâworth approximately $10.7 millionâto the centralized exchange Kraken.
Remaining balance: About 127,000 HYPE (~$10.4 million) still remains in the wallet. The total value of the initial position has grown from $903k to nearly $21 million (+2,200%).
đ Price reaction and chart analysis:
Despite the large deposit to the exchange, the market absorbed the sell-off quite resilientlyâthere was no panic dumping. However, the price is showing some short-term weakness:
Current price: ~$82 (a ~16% pullback from the recent high near $98).
Indicators: The price has dropped below the 20-day ($86) and 50-day ($83.70) moving averages, and the RSI has fallen to the 40 level, signaling fading momentum.
đŠ Key levels:
đŽ Support: $79 (immediate) and $76.50 (100-day SMA). A close below $79 would pave the way for further correction.
đą Resistance: To regain the initiative, buyers need to close the day above $84 and break through $87.50. This would open the path to $90 and $95.
â ïž Summary: The sale of 130,000 tokens over a few days represents a classic profit-taking move following a 20-fold surge. While new transactions on Kraken may create short-term pressure, the overall uptrend remains intact, and the market's reaction to the $79â$76 support zone will be crucial for HYPE.