A whale has sold ETH to accumulate an additional 209,000 HYPE tokens, and has now provided liquidity.

BlockBeats News, September 9th, according to on-chain data, a whale deposited 2,930 ETH (approximately $12.6 million) into Hyperliquid yesterday and sold all. Subsequently, the whale bought 209,000 HYPE (approximately $11.3 million) and shorted the same amount of HYPE on a perpetual contract, maintaining a delta-neutral position.

A few hours later, the whale adjusted the operation, closed the short position, turning the position into a directional bias. Then, the whale transferred the HYPE to HyperEVM, provided liquidity on Kinetiq, and supplied liquidity on Pendle.