Hyperliquid Hits New ATH of Above $67 as Early Holder Takes Profits
HYPE hit a new all-time high above $67 as trading volume surged by 34.9% in 24 hours.An early investor deposited $13.8M in HYPE to Coinbase but still holds $84.4M in tokens.Hyperliquids planned prediction market remains in focus as network activity continues to rise. Hyperliquid‘s native token HYPE extended its rally over the past 24 hours, reaching a new all-time high of above $67 as rising trading activity and continued market participation pushed the asset higher. The move also prompted one of the token’s early holders to begin realizing profits, introducing additional supply into the market. According to data shared by blockchain analytics platform Lookonchain, an early HYPE holder began reducing exposure after the token reached new highs. According to the report, the wallet held approximately 1.5 million HYPE, valued at about $98.2 million when the token moved above $67. The holder originally received 819,335 HYPE during the tokens genesis distribution and later spent roughly $2.9 million to acquire an additional 676,709 HYPE at an average price of $4.29 per token. Lookonchain reported that the investor withdrew 500,000 HYPE, worth approximately $33 million, from Hyperliquid and deposited 211,001 HYPE, valued at around $13.8 million, to Coinbase. Despite the transfer, the wallet still holds about 1.285