Whale "0x688" Sells 102,001 HYPE for $5.84M, Nets Over $1M Profit in 13 Days

GateNews
HYPE-9.14%
XAUT-1.66%
Gate News message, a whale identified as "0x688" sold 102,001 $HYPE for $5.84 million $USDC at a price of $57.3, generating over $1 million in profit within 13 days. The wallet currently holds only 54 $HYPE. According to earlier reports from Onchain Lens on May 17, 2026, whale "0x688" had deposited $4.87 million $USDC into HyperLiquid. During the same period, another whale "0xF56" sold 1,733 $XAUT for $7.83 million at $4,520, then deposited $10.2 million $USDC into HyperLiquid and purchased 103,636 $HYPE (approximately $4.7 million) while opening a $HYPE long position with 5x leverage.
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