On August 6, 2025, a whale moved 70,558 $SOL (worth $12.39M) to Hyperliquid, swapping it for 130,737 $HYPE at $40.80 ($5.335M) and 1,711.77 $ETH at $3,888 ($6.655M).
The shift hints at a bearish view on Solana—down 2.7% to $183.40—while doubling down on Hyperliquid’s DeFi growth and Ethereum ahead of the Fusaka upgrade. $HYPE, now at $40.10 with a $13.16B market cap, has attracted heavy whale buying, though its 20% drop in Dec 2024 proves it’s not without risk.
Smart diversification play or a bold gamble against $SOL’s rally—what do you think?