Whale Wallets Trigger a Wave of Profit-Taking
On-chain tracker Lookonchain flagged a string of whale transactions showing nearly $30 million worth of HYPE being sold. Four major wallets executed the sales within a short timeframe, locking in double-digit percentage gains after the token’s rally.
Addresses included 0x746b (qianbaidu.eth) with $10.6M in sales, 0x7be1 with $9.75M, 0x0e41 with $6.32M, and 0xe867 with $2.77M. Each wallet sold at an average price near $55, a level that marked a profitable exit from prior positions. These moves highlight how large holders often shape price cycles during fast rallies.
Market Context: HYPE in the Spotlight
Hyperliquid’s HYPE token has exploded in both volume and attention, drawing in retail traders and institutional whales alike. Trading in the mid-$50 range, HYPE has become one of the most actively discussed tokens on crypto social platforms.
With hundreds of millions in reported daily volume, liquidity is deep enough for whales to rotate positions without major slippage. Analysts say this level of activity signals that HYPE has transitioned from a niche project into a mainstream trading asset. Market watchers note that momentum-driven runs like this often attract short-term traders seeking fast profits.
Whales Lock in Profits from Earlier Buys
The profit-taking comes after big whale buys earlier in the week, particularly from the wallet qianbaidu.eth. That address had accumulated roughly 431,000 HYPE at $47.70 per token, which represented a large-scale commitment to the rally.
With prices now in the mid-$50s, that position quickly generated about 17% in gains on paper. Such a return is significant for whales moving millions in capital, making partial exits a rational strategy. The move underscores how timing and scale can amplify profits for well-positioned large holders.
Classic Rotation Pattern Emerges
The sequence of buying strength and then trimming positions is a textbook example of crypto market rotation. Large players often build positions early, lifting the token’s price and attracting retail investors chasing momentum.
Once retail demand takes over, whales offload portions of their holdings, securing profits without crashing the market. This creates periods of chop or sideways movement, rather than immediate breakdowns. Traders monitoring HYPE now expect consolidation phases before the next potential leg higher.
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Impact on Short-Term Price Action
For traders, the whale sales are both a caution signal and a sign of market maturity. While the selling could lead to temporary pullbacks, the continued heavy trading volume suggests there’s still strong interest. If buy-side liquidity remains robust, HYPE could absorb the whale exits without losing critical support levels. Technical analysts are watching the $52–$54 range as a potential consolidation zone. Breaking below these levels could trigger broader selling, but holding steady may set the stage for another rally.
Narrative and Liquidity Drive Momentum
HYPE’s rise has been amplified by growing coverage across crypto media outlets and social channels. Increased visibility often attracts new buyers, which fuels liquidity and supports higher prices. However, the same visibility accelerates profit-taking as whales anticipate retail demand will provide exit liquidity. The balance between these forces determines whether the rally continues or stalls. For now, HYPE remains one of the most closely watched altcoins of September 2025.
What Traders Should Watch Next
The key question for traders is whether whale selling is a one-off round of profit-taking or the start of a larger distribution phase. Monitoring on-chain flows for continued large exits will provide important clues. If new whale wallets begin selling heavily, it could mark a turning point toward broader rotation out of HYPE.
On the other hand, if selling slows while volume remains high, the rally could extend with fresh highs in sight. Either way, HYPE’s recent surge shows how quickly capital moves in today’s crypto markets, rewarding early buyers and testing latecomers’ nerves.
