The whale started withdrawing their HYPE tokens after nine months of holding, with an unrealized profit of about $90 million.
Bitcoin ETFs drove crypto fund gains last week, posting four consecutive weeks of inflows totaling $3.9 billion, according to SoSoValue.
Hyperliquid’s HYPE token faces a monthly supply overhang of $410 million due to its vesting schedule, warned Arthur Hayes’ Maelstrom Fund.
BitMEX co-founder Arthur Hayes sold his entire HYPE stash, netting over $800,000 in profit. The move comes just weeks after his wildly bullish 126x prediction.
Governments around the world are exploring and launching stablecoins to remain competitive against dollar-pegged digital fiat tokens.
A wallet that bought $226,000 in APX in 2022 now holds over $7 million, as the token spiked 120% following the launch of the ASTER upgrade swap.
BNB breakout patterns and onchain sentiment suggest a year-end rally, with upside targets stretching between $1,250 and $1,565.
Liquidity is set to flow into private financial markets once the United States Treasury fills its General Account with $850 billion.
The distribution marks the third payout to creditors of the former exchange as it continues dispensing up to $16.5 billion in funds.
Spokespersons from Rena Labs told Cointelegraph that the recent MYX trading patterns suggested almost certain market manipulation.