Hyperliquid Whale Pulls $122M in HYPE as Arthur Hayes Exits
A whale wallet “0x316f” withdrew $122 million worth of Hyperliquid (HYPE) tokens on Monday, originally purchased at around $12 each. The move comes with nearly $90 million in profit as the token recently hit an all-time high of $59.29. The selloff coincides with growing concerns over November’s $11 billion vesting unlock, raising pressure on HYPE’s sustainability.
