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Hyperliquid Whale Nets $148M Profit in Strategic Exit Amid Shift to Aster DEX
Hyperliquid Whale Nets $148M Profit in Strategic Exit Amid Shift to Aster DEX
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BTCCSquare news:
A Hyperliquid early investor has realized $148.63 million in profits after selling 4.99 million HYPE tokens worth $228.76 million, according to Lookonchain data. The whale originally purchased 5.07 million tokens at $16.23 each nine months ago, exiting at an average price of $45.82. Only 77,089 tokens ($3.37M) remain in the wallet.
The move aligns with a broader migration of capital to BNB Chain's Aster DEX, where whales have offloaded over $100 million in HYPE tokens this week. The trend gained momentum after BitMEX co-founder Arthur Hayes liquidated his entire position on September 21, netting $823,000—a curious pivot given his recent prediction of 126x growth for HYPE at Tokyo's WebX 2025 conference.
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