Top Trader Dumps 316,830 $HYPE Tokens Amidst Bullish Market
Hyperliquid, a popular derivatives and perpetual contracts trading platform, witnessed a significant event on October 3, 2025, when a top trader sold a large portion of their $HYPE tokens. This sale, totaling 316,830 tokens, occurred amidst a bullish stock market today with the global crypto economy growing by over 10%.
The trader's last purchase date before the sale was set on September 18, 2025, just before the $HYPE token hit its all-time high of BTC 0.0005075, or approximately $59. The trader sold their tokens at an average price of $49.68, indicating a profit despite the sale occurring after the peak.
The trader's aggressive short order of approximately 6,377 tokens suggests a bet against the short-term momentum of $HYPE. This move contrasts with the overall stock market today trend, where the daily trading volume of $HYPE on Hyperliquid increased by 8.4% to around $634 million. Moreover, Hyperliquid's native token, Hype, has seen a weekly price increase of +20.50%, outperforming the overall crypto market's growth of +10.30%.
The trader's stop-loss was set unusually high at $2,665.38, potentially indicating high leverage or a data error. This action highlights the conflict between hedging strategies and market fundamentals, as the current support price of $HYPE is trading 15.9% below the ATH and 1,209.00 above the ATL.
The large-scale sale of $HYPE tokens on Hyperliquid by a top trader, despite the bullish stock market today conditions, raises questions about market sentiment and future price movements. As the crypto economy continues to grow, traders' strategies and market dynamics will remain under close scrutiny.
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