Whale Dumps $4.84M BTC, Sells AAVE to Buy 101,000 HYPE During Perp DEX Craze

COINOTAG News on September 26 reported that on-chain analyst Ai Yi tracked an address which, during the Perp DEX activity, sold WBTC and AAVE and reallocated proceeds into HYPE. Three hours ago the wallet executed sales of $4.84M WBTC and $2.838M AAVE, subsequently depositing $4.692M USDC into Hyperliquid and purchasing 101,000 HYPE tokens (around $4.25M). These documented on-chain flows reflect a measurable portfolio reallocation with explicit stablecoin routing and concentrated token accumulation. Traders and analysts focused on on-chain liquidity and exchange flows can use this verifiable transaction record for enhanced monitoring and risk assessment.