Trader turns $902K Hyperliquid bet into $20M, moves coins to Kraken
- —Bought 257,928 HYPE at $3.50, roughly $902,000, in late 2024
- —HYPE rose to nearly $90 by early October, more than 25x the entry price
- —131,421 HYPE worth $11.8 million sent to Kraken since late September
- —Another 100,276 HYPE worth $8.2 million transferred to Kraken on Tuesday
Why it matters: Large exchange inflows can signal profit-taking and add selling pressure on HYPE.
Source: Crypto Insiders