HYPE Whale Unstakes 443K Tokens, Sells Portion Worth $14.15M

Wallet 0x519c, previously known for shorting Hyperliquid ahead of its price surge, has started unwinding that position while simultaneously reducing its HYPE holdings.

In recent activity, the wallet unstaked 443,180 HYPE, worth about $27M, and has already sold 231,899 HYPE, valued at roughly $14.15M.

The selling activity is still ongoing, with another 211,281 HYPE, worth around $13M, yet to be offloaded.

Meanwhile, the trader continues to hold a 141,500 HYPE short position valued at approximately $8.67M, which is currently showing an unrealized loss of more than $2.5M.

Source: Lookonchain