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by: xpoolPosted on: May 29, 2025

Whale Liquidates $9.54M HYPE Tokens, Triggering Price Drop

A significant sell-off of 276,747 HYPE tokens worth $9.54 million by a prominent cryptocurrency whale on the Hyperliquid exchange caused a 7.2% drop in the price to $32 around noon UTC on May 29, 2025. This sale, coupled with another whale’s loss of $23.52 million from a HYPE short position, highlights the risks associated with high-leverage trading and market volatility.

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  4. Trader Suffers $2.788 Million Loss Due to High-Leverage Crypto Trading
Cryptocurrency HYPE Market Volatility Whale

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