Markets· ★★★· neutral·

HYPE whales move $16M to exchanges while Hyperliquid Strategies keeps buying

  • —177,518 HYPE worth $16.08M were deposited to OKX and Bybit on September 28
  • —A wallet linked to Hypersphere Ventures sold 62,869 HYPE for about $5.78M
  • —Hyperliquid Strategies bought 494,200 HYPE worth $45.8M on September 25
  • —Its SEC filing reported 33.2M HYPE held as of September 8
Why it matters: An exchange deposit is not a completed sale, so actual HYPE supply pressure may be smaller than $22M dump headlines suggest.
#HYPE
Source: crypto.news
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