Whales Buy and Sell as Hyperliquid’s HYPE Tops $64

Hyperliquid’s HYPE rose above $64 on Sunday as on-chain data recorded both large purchases and sizeable sales. The token has gained more than 40% over the past week and traded near $63.70, up about 0.5% over 24 hours.

Blockchain records show wallet 0x9137 purchased 238,811 HYPE for approximately $15.1 million at an average price of $63.25.

A newly created wallet withdrew 63,780 HYPE, about $4.06 million, from the Bybit exchange.

A wallet linked to BitMEX co-founder Arthur Hayes deposited 115,453 HYPE-valued at about $6.33 million-into Bybit at an average price near $54.81 and later withdrew 85,714 HYPE, worth roughly $5.37 million, when prices were near $62.69.

Trader Garrett Jin accumulated 145,050 HYPE, around $9.05 million, over four days and placed a time-weighted average price order to buy an additional 39,940 tokens, valued at about $2.44 million. On-chain records also show the same account holds a 504.4 BTC long and a 57,460 ZEC short with an unrealized loss near $2.11 million.

Wallet 0x632B sold 151,574 HYPE for about $9.25 million and set limit sell orders for roughly 170,000 tokens between $63.45 and $70.55.

These transactions were recorded on public blockchains and through exchange deposit and withdrawal records, showing simultaneous accumulation and liquidation among large holders. Exchange deposits can indicate intent to sell, while withdrawals can remove tokens from trading pools. Market participants and on-chain analysts are monitoring exchange flows and large-wallet activity for further developments.