2,200% on Hyperliquid (HYPE): Whale Who Bought at $3.5 Cashes Out

A Hyperliquid whale is taking profits on a bet that has paid off more than 20 times over. The wallet bought 257,928 HYPE tokens ago at just $3.5 per token, which cost approximately $903,000 in total. Six hours ago, it sent 100,276 HYPE, worth $8.17 million, to a Kraken deposit address . The tokens came out of Hyperliquid staking first, and the wallet then sent them directly to Kraken. One day earlier, the same wallet moved another 30,228 HYPE, worth $2.55 million, in the same way. Together, the two transfers are worth approximately $10.7 million.