Hyperliquid Whales Realize $5 Million as HYPE Rally Reverses

Four large wallets on Hyperliquid booked about $5 million in combined profits during October’s rally in the Hyperliquid token (HYPE), which later dropped more than 12% from its peak. One address, 0xa2ce…3126, began accumulating HYPE in late May. As HYPE approached $94 to $95, the wallet made repeated sales worth about $225,000 at roughly five-minute intervals. It finished with no HYPE and a recorded profit of $2,395,168. Public blockchain records show the transactions but do not establish why the address traded. In a separate set of positions, four major traders were profitable on HYPE shorts, which gain value when the token falls. A different large buyer faced losses exceeding 11%. These figures cover tracked positions, not all Hyperliquid users.

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