Hyperliquid Slides 5% – Might the Whales Spark a Steeper Plunge? 🕷️🌑

HYPE just keeps slaying while the big ones like Bitcoin and Ethereum chill in the shadows fr, pumping over 100% this year and leaving the rest in dust.

Whales Spilling Bags Into The Night 🖤

Earlier this month it touched a fresh peak near 100 but the villains pulled back so now it’s hovering around 90 on CoinGecko. Fresh big player moves hint another dip could hit soon tho. Some serious wallets started dumping loads like one address 0xc745 that moved over 16 million worth straight to OKX and Bybit. Transfers like that often mean a sale is next. Lookonchain also showed a Hypersphere Ventures wallet offloaded 62869 HYPE worth about 5.78 million after buying just a month prior for a sweet 2.13 million gain. Another whale shifted nearly 50 million into Kraken last month. Multicoin also pushed 4.23 million HYPE almost 300 million total over to Coinbase since July ended. That screams sell intent even if not confirmed yet 💀. More supply floating around with steady demand means price pressure builds fast 😈. Whales usually know the tea before the rest so their exits can trigger total chaos and make smaller holders panic sell too. One trader thinks it might slide toward mid 70s next but still calls it a prime dip buy for longs cuz HYPE stays one of the strongest plays rn.

Exchange Flows Whisper Sweet Upturn Stuff 📉

On the flip side netflows paint a brighter picture with way more HYPE leaving exchanges than entering lately which cuts immediate sell pressure and sets up potential climbs 🔥.