Whales show mixed signals as HYPE hits new all-time high

As Hyperliquid (HYPE) surged past $64 to a new all-time high, whales have shown conflicting movements, with both large-scale accumulation and profit-taking occurring simultaneously, according to an analysis by BeInCrypto. Some, including BitMEX co-founder Arthur Hayes and Garrett Jin, founder of the fraudulent crypto exchange BitForex, appear to be betting on a continued rally by withdrawing their holdings from exchanges. However, several anonymous whale addresses are showing signs of profit-taking, having submitted limit sell orders worth millions of dollars. The outlet added that HYPE's future direction will be determined by whether buying pressure can absorb the volume from those cashing out.