Whale Sells 402,005 HYPE Tokens Worth $15.68M, Realizes $5M Profit, Then Reallocates to Solana With 81,117 SOL

COINOTAG News, October 20, according to LookIntoChain’s monitoring, a whale liquidated 402,005 HYPE tokens for about $15.68 million, closing a position opened nine months earlier and realizing a profit above $5 million. This on-chain exit underscores liquidity shifts within the token market and highlights the role of large holders in price discovery.

Following the sale, the $15.68 million in proceeds were bridged across networks to Solana, and the trader acquired 81,117 SOL tokens, signaling a pivot toward Solana-denominated exposure. The cross-chain transfer reflects active on-chain capital allocation and may influence near-term liquidity dynamics for both HYPE and SOL markets.

Market watchers will note that such high-ticket moves from a single wallet are rare but not unprecedented in crypto markets, where on-chain monitoring firms flag large transfers as signals of shifting sentiment. LookIntoChain data confirms the transaction flow, providing traders with a concrete example of cross-chain strategy and risk management.