Hyperliquid’s $90M HYPE Move Sparks Sell-Off Concerns

A recent movement of $90 million in HYPE tokens by the Hyperliquid wallet has raised eyebrows within the crypto community, with many speculating about potential large-scale selling. This transfer is noteworthy because it comes from a wallet connected to HyperLabs, a key player in the DeFi space. While no direct selling has been confirmed, moving funds to a spot wallet often signals preparation for liquidity actions.