HYPE fell 5% today after an on-chain analyst reported a large token transfer linked to Hyperliquid Labs.
According to NS3.AI, on-chain analyst Yu Jin said Hyperliquid Labs transferred 452,000 HYPE worth $32.32 million.
Yu said the tokens are suspected to have been sold through Flowdesk. Hyperliquid Labs has not been cited in the report as confirming the purpose of the transfer.
Hyperliquid's HYPE Drops 5% After 452,000-Token Transfer, Analyst Says
2026-07-08 08:09:57
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