Lookonchain Says Trader Unstaked $27 Million in HYPE and Sold More Than Half

On-chain data shows intensified whale activity around Hyperliquid’s HYPE token across both buy-side and sell-side flows. According to Lookonchain, one trader unstaked 443,180 HYPE worth about $27 million, sold 231,899 HYPE worth roughly $14.15 million, was still selling 211,281 HYPE worth around $13 million, and held a 141,500 HYPE short position with losses above $2.5 million. Earlier reports from Ember and Onchain Lens tracked a whale buying 304,000 HYPE for 16.26 million USDC at an average cost of $53.7, another whale depositing 15.1 million USDC to buy 238,811 HYPE at $63.24 and stake 10,000 HYPE, and a dormant wallet selling 101,156 HYPE for 6.38 million USDC at $63.06. Separate reporting also showed a previously liquidated whale re-entering Hyperliquid with fresh HYPE, BTC, and ZEC positions, while another HYPE seller offloaded 321,574 HYPE for about $19.88 million in 24 hours and retained a small staked balance.