Against the background of the downward price trend of the Hyperliquid (HYPE) cryptocurrency, analysts of the Lookonchain platform have recorded a large-scale withdrawal of assets by large investors. One of the holders, who had previously purchased tokens at an average price of $ 18, withdrew 1.02 million HYPE units worth $57.6 million from staking, transferring funds to the FalconX and Coinbase Prime platforms. If this position is realized, the potential profit of the investor may exceed $ 39 million. At the same time, another major asset owner withdrew an additional 1.89 million tokens worth $105.9 million from staking, which attracted the attention of market participants.

Experts note that such transactions may indicate both a skeptical attitude towards the near-term prospects of the asset and a planned restructuring of investment portfolios. The very fact of withdrawing funds from staking is not a direct indicator of an immediate sale, but the overall dynamics raises certain concerns. Over the past week, the volume of HYPE tokens in the withdrawal queue has more than doubled, reaching 9.1 million units worth $496.6 million. The total number of frozen coins decreased from 438.7 million to 435.9 million in a month, indicating a change in the strategy of long-term holders.

Hyperliquid's market performance confirms the presence of selling pressure. After a local rebound from $72 three weeks ago, the asset's exchange rate has shown a steady decline, falling by 16.15 percent over the month to $54.4 with a market capitalization of $13.7 billion. The daily trading volume also decreased by 8.6 percent to $350.9 million. This situation echoes the actions of BitMEX co-founder Arthur Hayes, who in June of this year fully implemented his position in the amount of 247,334 HYPE tokens worth $ 18.02 million, despite previously optimistic forecasts regarding this project.

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The material has been prepared solely for informational purposes and does not constitute financial advice or recommendation.