Major Crypto Investor Unstakes $57 Million Worth of HYPE

cryptonews.ruPublished on 2026-08-01Last updated on 2026-08-01

Abstract

A major crypto investor, often referred to as a "whale," has unstaked $57 million worth of $HYPE tokens. This particular whale acquired the tokens 17 months ago at an average price of $18, meaning a potential profit of over $39 million if sold. The assets were deposited into FalconX and Coinbase Prime, indicating a likely intention to sell. Separately, another wallet unstaked 1.89 million $HYPE ($105.9 million). Analysts note that while unstaking can signal bearish sentiment or portfolio restructuring, it does not automatically mean the holder will sell. This trend is growing; the volume of $HYPE awaiting withdrawal has more than doubled in a week, from $241 million to $496.6 million. Concurrently, the total amount of staked $HYPE has decreased over the past month. This shift suggests some long-term holders are adopting a bearish outlook and reducing their positions. The $HYPE price has fallen 16.15% over the month to $54.4, with a market cap of $13.7 billion, trading in a downtrend after a recent bounce. Daily trading volume has also declined. In a related move, BitMEX co-founder Arthur Hayes sold all of his $HYPE holdings worth $18.02 million in June, despite previously offering optimistic forecasts for the cryptocurrency.

A major owner of $HYPE, a so-called whale, purchased the tokens 17 months ago at an average price of $18. If he decides to sell these crypto assets, his profit could exceed $39 million. A whale from another wallet unstaked an additional 1.89 million $HYPE worth $105.9 million. These actions could indicate either a skeptical attitude towards the prospects of $HYPE or a planned portfolio restructuring. However, analysts note that unstaking assets by itself does not necessarily mean the holder intends to sell them.

Whales keep selling $HYPE!

A whale that bought 1.02M $HYPE at an average price of $18 17 months ago unstaked the tokens today and deposited them into #FalconX and #CoinbasePrime 2 hours ago, likely to sell.https://t.co/sokAtSnie9 pic.twitter.com/fqgN3G5788
— Lookonchain (@lookonchain) July 31, 2026

Unstaking tokens is becoming a common phenomenon among both private and large investors. A week ago, 4.09 million $HYPE worth $241 million were awaiting unstaking. Since then, the volume has more than doubled, to 9.1 million $HYPE valued at $496.6 million.

The total amount of $HYPE placed in staking has decreased over the month from 438.7 million to 435.9 million coins. The increase in the number of coins awaiting withdrawal and the decrease in the amount of staked $HYPE may suggest that some long-term holders of $HYPE are bearish and reducing their positions.

After bouncing from $72 three weeks ago, the Hyperliquid cryptocurrency is trading in a downtrend, indicating selling pressure. Over the past month, the price of $HYPE has fallen by 16.15%, to $54.4, with a market capitalization of $13.7 billion. The daily trading volume of the coin has decreased by 8.6%, to $350.9 million.

In June, Arthur Hayes, co-founder of the now-closing crypto exchange BitMEX, sold all of his 247,334 $HYPE worth $18.02 million, despite the entrepreneur having previously given optimistic forecasts for this cryptocurrency.

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Major Crypto Investor Unstakes $57 Million Worth of HYPE

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