Hyperliquid faces $100M whale selling test against institutional demand
- —10.4K HYPE worth $956.8K burned in 24 hours via protocol fees
- —Cumulative burn reaches 48.96M HYPE, 4.9% of the 1B max supply
- —Hyperliquid Strategies bought 494K HYPE for $45.8M, holds 35M total
- —Five whales unstaked $90.4M in HYPE; Multicoin moved $12.15M
Why it matters: The outcome of the tug-of-war between treasury buying and whale selling will set HYPE's near-term direction.
Source: AMBCrypto
More on this
Markets · Sep 21XRP ETF Volume Hits $5.81B as Institutional Demand Faces CLARITY Act and Fed Test
Markets · Sep 23RWA perpetual volume hits $18.8B as altcoins face new competition for speculative demand
Markets · 13:53Analyst: Bitcoin tests $88K resistance as Hyperliquid holds $90 support