Whale Books $9.9M Profit on HYPE Amid Post-ATH Correction

A large investor in Hyperliquid has started trimming its position after a strong price surge, locking in substantial profits.

The whale initially accumulated 348,007 HYPE worth about $13.42M six months ago at a purchase price of $38.56. Following the rally, the investor recently sold 134,868 HYPE for roughly $9.92M via Flowdesk, marking the first significant profit-taking from the position.

Even after this sale, the whale continues to hold 213,139 HYPE valued at approximately $15.69M, with combined realized and unrealized gains estimated at around $12.19M.

This activity comes as HYPE retraced 5.5% to $71.26 after briefly touching a new all-time high of $75.48 earlier in the trading session.

Source: Lookonchain