Another notable whale activity has been recorded in the crypto market. A large whale known as “TechnoRevenant” with a market capitalization of approximately $100 million has launched a massive de-staking operation on Hyperliquid ($HYPE) token.
According to on-chain data, the whales will bet a total of $84.96 million worth of property. $HYPE Token via address 0x179f…bbbb. These assets are expected to be released in about six days, raising questions about potential selling pressure in the market.
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Analysts note that breakouts of this magnitude typically indicate two scenarios: either preparing for a major pullback or moving to a different platform/strategy. Looking at the current price movements, $HYPE The value of the token has fallen by more than 4% in the past 24 hours, while altcoins are generally falling across the cryptocurrency market today.
Will this really create selling pressure? $HYPEthe token of Hyperliquid, which has recently stood out among decentralized crypto exchanges with a market capitalization of approximately $8.89 billion, has yet to be seen.
*This is not investment advice.
