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HYPE price dips 10% as BitMEX co-founder dumps 96,600 tokens with crucial warning
['Newton Gitonga']
Invezz
Meanwhile, Hyperliquid’s HYPE led the downside with an over 10% slide on its daily price chart.
Lookochain data shows the billionaire offloaded 96,628 HYPE tokens over the weekend, worth approximately $5.1 million.
The project will start vesting a staggering 237.8 million tokens for over two years, from November 29.
Even Sonnet + the other smaller HYPE DATs all combine, are just a drop in the bucket compared against impending HYPE unlocks.
HYPE price outlookCopy link to sectionThe native token exhibited a bearish outlook.
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