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Hyperliquid whales sell $57.6M in tokens amid ongoing price decline and rising sell pressure.

Market News
31 Jul 2026
AMBCrypto
View Source
Bearish
pluang ai news

Hyperliquid's price has been falling within a descending channel, currently trading around $54 and down 7.3% weekly. Major investors, including a whale who unstaked $57.6 million worth of HYPE tokens and deposited them into exchanges, are increasing sell pressure. Another $105.9 million was unstaked but not yet moved to exchanges, signaling potential further selling or portfolio adjustments. Technical indicators suggest continued downside risk, with a possible drop to $52 if selling persists.

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