🐳 $37.8M OF $HYPE JUST HIT COINBASE
Lookonchain spotted 3 wallets, possibly belonging to the same whale, depositing 494,310 HYPE ($37.83M) into Coinbase over the past 24 hours.
At the same time on Hyperliquid itself:
→ Abraxas Capital's 2 hedging accounts are up more than $353M in total profit
→ They currently hold over $1.29B in short positions
Exchange deposits often mean selling, but not always. And "hedging" accounts usually offset spot holdings rather than bet on a crash.
HYPE is trading around $76.75 this morning, up about 1.3% (CoinGecko).
Would you buy HYPE into whale deposits, or wait for the dust to settle? 🤔
#HYPE #Hyperliquid #WhaleAlert #CryptoNews
Lookonchain spotted 3 wallets, possibly belonging to the same whale, depositing 494,310 HYPE ($37.83M) into Coinbase over the past 24 hours.
At the same time on Hyperliquid itself:
→ Abraxas Capital's 2 hedging accounts are up more than $353M in total profit
→ They currently hold over $1.29B in short positions
Exchange deposits often mean selling, but not always. And "hedging" accounts usually offset spot holdings rather than bet on a crash.
HYPE is trading around $76.75 this morning, up about 1.3% (CoinGecko).
Would you buy HYPE into whale deposits, or wait for the dust to settle? 🤔
#HYPE #Hyperliquid #WhaleAlert #CryptoNews
