HYPE drops 12% in a week amid liquidations and $330M OTC token transfer
- —HYPE traded between $79.52 and $85.73 in 24 hours, last at $81.09
- —The token lost about 12% for the week versus a 3.9% market decline
- —HYPE liquidations hit $11.46 million in 24 hours, 98.2% longs
- —Hyperliquid Labs moved 3.75 million HYPE worth $330 million via OTC to five wallets
Why it matters: Traders are watching for further large HYPE transfers and the Oct. 14 US inflation print, which will shape whether the sell-off continues.
Source: Coin Türk