HyperLiquid Whale Profits Exceed $94 Million

A major HyperLiquid investor has reportedly begun cashing out, with cumulative profits from HYPE exceeding $94 million. According to BlockBeats On-chain Detection, the investor initially acquired 819,335 HYPE tokens from the HyperLiquid genesis allocation. Subsequently, they purchased an additional 676,798 HYPE tokens for $2.9 million at an average price of $4.29 each. Eight hours ago, the investor withdrew 500,000 HYPE tokens from HyperLiquid, valued at approximately $33 million. They have since deposited 211,001 HYPE tokens into a centralized exchange (CEX), valued at around $13.82 million. The investor still holds 1,284,955 HYPE tokens, worth approximately $82.62 million.