# Hyperliquid Whale Transfers $10.7 Million in HYPE Tokens to Kraken

- URL: https://stocks.freetheai.org/news/hyperliquid-whale-transfers-10-7-million-in-hype-tokens-to-kraken-697522
- Published: 2026-10-14T08:30:00Z
- Category: crypto; sentiment: mixed; impact: medium
- Symbols: [COINBASE:HYPEUSD](https://stocks.freetheai.org/symbols/COINBASE-HYPEUSD)
- Written by our AI from expert market sources across the web for FreeTheAI Stocks, built by Vibhek Soni
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- Not financial advice: https://stocks.freetheai.org/disclaimer

A major Hyperliquid (HYPE) investor moved approximately $10.7 million worth of HYPE tokens to crypto exchange Kraken over two days. The wallet unstaked 100,276 HYPE worth $8.17 million six hours ago, following a prior deposit of 30,228 HYPE worth $2.55 million a day earlier. The investor initially bought 257,928 HYPE at $3.50 per token for around $903,000, achieving a gain of roughly 2,200% with HYPE trading near $82.

Large exchange deposits often point toward potential selling, making such movements closely watched by traders. Despite these multi-million dollar transfers, low overall volume suggests market participants are not panicking, and the token has absorbed the sales without crashing. HYPE trades around $81.59, remaining about 16% below its recent peak near $98, while the wallet retains roughly 127,000 tokens valued at $10.4 million.

In the near term, HYPE shows technical weakness after falling below its 20-day moving average near $86 and 50-day average near $83.70, while its relative strength index sits in the low 40s. Primary support levels are located near $79 and the 100-day average near $76.50. Traders will watch if further Kraken deposits trigger additional pressure or if the price can break above resistance levels at $84 and $87.50.

## Key points

- A large Hyperliquid (HYPE) wallet moved 130,504 tokens worth about $10.7 million to Kraken across two separate transfers.
- The wallet acquired 257,928 HYPE tokens at $3.50 each for approximately $903,000, yielding a gain of roughly 2,200%.
- The investor retains approximately 127,000 HYPE tokens valued at around $10.4 million in the wallet.
- HYPE trades around $81.59, remaining about 16% below its recent high near $98 amid low overall trading volume.

## Questions and answers

### How much HYPE did the Hyperliquid whale send to Kraken?

The whale transferred 130,504 HYPE tokens worth approximately $10.7 million to Kraken in two separate transactions over two days.

### What price did the Hyperliquid whale originally pay for HYPE?

The wallet bought 257,928 HYPE tokens at $3.50 per token, spending approximately $903,000 in total.

### How many HYPE tokens does the whale wallet still hold?

Assuming no additional transactions occurred, the wallet still holds around 127,000 HYPE tokens, valued at nearly $10.4 million.