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Whale Sells ETH to Increase HYPE Holdings by 209,000 Tokens, Now Staking for Liquidity
Summary: According to on-chain data, a whale deposited 2,930 ETH (approximately $12.6 million) into Hyperliquid and sold all of it yesterday. Subsequently, the whale purchased 209,000 HYPE tokens (approximately $11.3 million) and shorted an equivalent amount of HYPE on perpetual contracts to maintain delta neutrality. A few hours later, the whale adjusted the operation, closing the ...
According to on-chain data, a whale deposited 2,930 ETH (approximately $12.6 million) into Hyperliquid and sold all of it yesterday. Subsequently, the whale purchased 209,000 HYPE tokens (approximately $11.3 million) and shorted an equivalent amount of HYPE on perpetual contracts to maintain delta neutrality.
A few hours later, the whale adjusted the operation, closing the short positions to shift the position to a directional bias. Following this, the whale transferred the HYPE to HyperEVM, staking for liquidity on Kinetiq, and providing liquidity on Pendle.
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Link: Whale Sells ETH to Increase HYPE Holdings by 209,000 Tokens, Now Staking for Liquidity [Copy]
