
After weeks of inactivity, the wallet sold $5.81 million of HYPE in 24 hours; separate reports said it had accumulated heavily since April and added 20,000 tokens from an exchange after June 11.
A large Hyperliquid holder sold 91,100 HYPE worth $5.81 million over the past 24 hours after several weeks of inactivity, according to Odaily, citing Onchain Lens. Separate Odaily reporting citing on-chain analyst Ai Yi said the wallet had also been accumulating HYPE since June 11, including a 20,000-token exchange withdrawal valued at $1.18 million that brought holdings at that point to 220,000 HYPE worth $14.85 million at an average withdrawal price of $67.51, with a reported unrealized loss of $1.945 million. The newer report said the wallet had accumulated 861,100 HYPE since April and still held tokens valued at about $55.3 million, indicating continued large-holder activity in the Hyperliquid market.