Large holders are pulling HYPE off exchanges at a steady clip, suggesting accumulation rather than an intent to sell. To this point, a newly created wallet tagged 0x6436 withdrew another 140,960 HYPE worth about $9.48 million, bringing its three-day haul to 902,317 HYPE, approximately. $64.9 million.
Not everyone has timed their Hyperliquid movements well, with popular onchain trader loracle.hl, losing $46.46 million this week, shorting HYPE as the token ground higher. Rather than step aside, he flipped to a long position and promptly fell another $840,000 into the red.
