On-Chain Whale Sells 115,470 HYPE via TWAP Orders Worth ~$5M

Gate News message, April 27 — A whale address beginning with 0xa44 initiated large-scale liquidation of HYPE spot holdings on the Hyperliquid platform over the past four hours, according to Hyperinsight monitoring. The address placed five sell orders using TWAP (time-weighted average price) execution, totaling 115,470 HYPE tokens valued at approximately $5 million at current prices. The sales began after HYPE recovered above $42.

Upon completion of this round of selling, the address's HYPE spot holdings will be reduced to approximately $4 million. The address currently also holds a small HYPE short position and has placed a market buy order at $41.50 to close the position. The address is 0xa445a0a15b1d50fa0c4bfe6796d9447e0da5329d.