A HyperLiquid genesis whale has begun selling HYPE shares, potentially realizing a profit of $94 million.

CoinFeed reported on May 30th that, according to Onchain Lens monitoring, a whale holding the $HYPE genesis token has begun profiting, estimated to have earned over $94 million from $HYPE. The whale received 819,335 $HYPE from the HyperLiquid genesis token allocation, then purchased 676,798 $HYPE at an average price of $4.29, spending $2.9 million. Eight hours ago, the whale withdrew 500,000 $HYPE (worth $33 million) from the HyperLiquid platform and deposited 211,001 $HYPE (worth $13.82 million) into Coinbase. The whale currently holds 1,284,955 $HYPE, worth $82.62 million.