Two major investors sold 1.2 million Hyperliquid (HYPE) tokens worth $109 million shortly after the Intercontinental Exchange (ICE) softened its regulatory statements about Hyperliquid's perpetual futures. This large sale suggests strategic profit-taking amid uncertainty about the future of HYPE's price rally. Despite a recent 15.5% weekly gain, HYPE's price dropped 2.6% after the sell-off, and regulatory approval for ICE's futures plan remains pending, limiting U.S. retail access. The rally's continuation depends on whether new buyers emerge and regulatory clarity arrives, with a key price level at $85 indicating the rally's health.
Following the large sale of Hyperliquid tokens by two whales, ICE shares show resilience, trading at USD 168.85 with a 3.56% increase as of Nov 01, 2026 04:01 WIB on Pluang. The market cap stands at $94.36 billion, indicating strong investor confidence in ICE despite uncertainties around Hyperliquid's futures. This snapshot highlights contrasting investor behavior between the token and the exchange.
