The post HYPE Rally Sees Early Rotation As Whales Offload Nearly $30M appeared on BitcoinEthereumNews.com.

Whales are starting to cash out after a blistering run in Hyperliquid’s native token $HYPE, on-chain tracker Lookonchain flagged on X (Twitter) late Thursday, a string of multi-million-dollar sales by large addresses shows profit-taking as the token trades in the mid-$50s. According to the Lookonchain post, four big wallets have sold large chunks of HYPE over the last few days: 0x746b (qianbaidu.eth) unloaded about 188,861 HYPE (~$10.6M) at an average of $56.01, 0x7be1 sold 175,000 HYPE (~$9.75M) at $55.72 avg, 0x0e41 sold 113,310 HYPE (~$6.32M) at $55.74 avg, and 0xe867 disposed of 50,000 HYPE (~$2.77M) at $55.53 avg. The thread shows that the profit-taking happened over a short window as HYPE rallied. Market Context HYPE has exploded into the spotlight in recent days, with heavy on-chain buying pushing the token to fresh highs and sparking intense interest from both retail traders and whales. At the time of writing, HYPE is trading roughly in the mid-$50s per major price aggregators, with 24-hour moves in the single-digit percent range and hundreds of millions of dollars of reported volume, evidence of very hot trading activity. The sales follow a wave of big buys earlier in the week: on-chain monitoring and reporting noted that the wallet tied to qianbaidu.eth purchased ~431,000 HYPE at about $47.7 per token in a prior buying spree, a position that, given the current price range, would now be comfortably profitable. Using the earlier buy price and a mid-$50s market price, that trade would show roughly a ~17% gain on paper, the kind of move that often triggers partial profit-taking by large holders. Short term, the combination of intense volume, headline whale buys and then quick partial sells is classic “rotation”: large players accumulate into strength, which lifts price and brings in momentum traders, and then some of those same…

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Filed under: News - @ September 13, 2025 5:23 am