Whale Sells 2,930 ETH on Hyperliquid, Buys 209,000 HYPE, Turns Directional and Adds Liquidity on HyperEVM, Kinetiq & Pendle

ETH

ETH/USDT

$1,736.08

+1.54%

$1,736.08

+1.54%

(24s)

24h Volume

$6,319,676,635.19

24h H/L

$1,749.55 / $1,704.06

Change: $45.49 (2.67%)

Long/Short

71.3%

Long: 71.3%Short: 28.7%

Funding Rate

+0.0043%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$1,735.29

▼ -0.33%

Volume (24h): -

Resistance Levels

Resistance 3$1,872.11

Resistance 2$1,801.54

Resistance 1$1,749.26

Price$1,735.29

Support 1$1,731.75

Support 2$1,671.79

Support 3$1,616.77

Pivot (PP):$1,736.96

Trend:Downtrend

RSI (14):41.7

COINOTAG reported on-chain activity on September 9 showing a large whale deposited 2,930 ETH (≈$12.6M) into Hyperliquid and executed a sale of the deposited ETH, according to blockchain records.

Subsequently, on-chain data indicates the same address purchased 209,000 HYPE tokens (≈$11.3M) and simultaneously opened an equivalent short via a perpetual contract, establishing a delta-neutral exposure to the token.

Hours later the trader closed the short, converting the trade to a directional bias, then transferred the HYPE holdings to HyperEVM and provided liquidity on both Kinetiq and Pendle, per the on-chain traces.

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