Crypto Whale Rotates From Ethereum Into $30M Hyperliquid (HYPE) Position

A major crypto wallet identified as “0xEe0A” has been steadily rotating its holdings from Ethereum into Hyperliquid, reflecting a clear shift in positioning over recent weeks.

The move began about two weeks ago, when the whale fully offloaded 3,065 ETH worth roughly $5.92 million, locking in a realized loss of around $380,000. After that exit, activity on the wallet side turned toward renewed accumulation in the new asset.

More recently, over the past two days, the same address added 100,392 HYPE valued at approximately $6.69 million. With this latest purchase, the wallet’s total holdings have climbed to 497,212 HYPE, now worth nearly $30.93 million, with unrealized gains estimated at around $8 million.

Source: Lookonchain