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BitcoinSistemi 2026-10-31 10:03:06

Whales Sell $108 Million Worth of This Altcoin from Two Major Wallets

Whales Sell $108 Million Worth of This Altcoin from Two Major Wallets

The activity of two large wallets holding Hyperliquid’s HYPE token has become a topic of discussion for investors today. Lookonchain reported that the addresses it tracked sold approximately $108.81 million worth of HYPE in total. According to the platform’s statement, a wallet starting with “0x2685” liquidated 912,383 HYPE tokens for approximately $82.09 million. It is estimated that these tokens were purchased about a month ago, resulting in a profit of over $10 million. The second major transaction came from the address “0x648F”. This wallet reportedly sold 296,705 HYPE for approximately $26.72 million. The profit calculated for the tokens purchased about 11 months ago was $16.5 million. Related News: In the Binance Hack, This Altcoin Remained in the Attackers' Possession—They Couldn't Sell It Thus, the total profit from the two addresses exceeded $26.5 million, according to Lookonchain’s cost calculations. The owners of the wallets and the reasons for their decision to sell were not disclosed. The price of HYPE surged from around $78 to over $97 this week. It’s believed that whale wallets benefited from this rise. However, despite the increase, HYPE failed to break its all-time high of $97.98. *This is not investment advice. Continue Reading: Whales Sell $108 Million Worth of This Altcoin from Two Major Wallets

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