A Hyperliquid whale sold its HYPE for $2.07 million after its bid was rejected at $43.1.
Onchain Lens stated that the wallet held 100,000 HYPE before selling it. After a brief dip that pulled HYPE below $40, the Token maintained its long-term upward trend, even though activity on the decentralized exchange Hyperliquid has slowed compared to the period before the market downturn in October 2025.
- A HYPE whale has sold its holdings worth $2.07 million.
- HYPE's price was rejected at the $43.1 level and then retreated below $40.
- The technical structure still leans toward an uptrend, but the upward momentum has slowed down near the peak.
The selling trend of HYPE whales.
On- chain data indicates that a Hyperliquid whale partially took profits when HYPE failed to hold the $43.1 USD level. This is noteworthy because the selling occurred immediately after the price rejection, rather than after a longer uptrend. It is unclear whether this was a one-time transaction or part of a portfolio restructuring process for this wallet.
The price structure remains bullish, but the upward momentum has weakened.
On the 1-day timeframe, HYPE maintains an upward-leaning structure. The most recent breakout in favor of buyers occurred on Monday, April 13th, when the price surpassed the previous high of $43.76. However, the subsequent rally was short-lived. The price only rose to $45.77, 4.58% higher than the previous peak, before retracing to $38.89. HYPE's second test of the $40 level in a week indicates that buying pressure is not yet strong enough to sustain a sustained upward trend.
Current price range to watch
The $36.87-$38.77 range is being referred to as the "golden pocket" in the one-day chart structure. If the price retraces to this area, it will be a closer support zone than the current rally. Conversely, if HYPE falls below $34.45, the bullish structure in this timeframe will be invalidated, and the technical picture will turn more negative. There is currently no further data to confirm whether the whale selling and the slowdown in trading activity on Hyperliquid are directly related.
The impact of liquidation and trading activity on Hyperliquid
Hyperliquid remains a popular exchange, although data on daily volume and new users has slowed following the market downturn in October 2025. Previously, AMBCrypto reported an increase in perp volume on the platform over the past two months, suggesting increased Capital inflow and higher trading activity that could impact the HYPE Token price. However, the available data reflects only a short observation period, making it premature to conclude whether this trend will continue or reverse sustainably.
Summary
HYPE still maintains an uptrend on the 1-day chart, but selling by a whale and a rejection at the $43.1 mark suggest momentum has weakened. The $36.87-$38.77 range is a key area to watch for a deeper correction, while $34.45 is a point to monitor if the price loses its current uptrend. Available data suggests the trend hasn't been broken, but the upward momentum is no longer as strong as before.
