OG HYPE whale migrates profits from Hyperliquid to Aster

A crypto whale holding a massive position in Hyperliquid’s native token HYPE has offloaded about $9 million of their holdings to the new decentralized exchange project ￰1￱ to blockchain tracker Lookonchain, the unidentified whale initially purchased and staked 2 million HYPE tokens nine months ago, spending $17.4 million at an average of $8.68 per ￰2￱ peak valuation, that investment ballooned to more than $107 million, but at the time of this publication, it had reduced to about $89 ￰3￱ the past two hours, on-chain data shows the whale sold 201,900 HYPE, worth approximately $8.93 million, and routed the proceeds to ￰4￱ after the sales, the whale still controls about 1.8 million HYPE tokens , with an estimated value of $80 million. $89 million in profits realized after unstaking After staking HYPE for 9 months, the whale made an order to unstake the coins on September 9, which was approved 21 hours ￰5￱ investor received the assets and liquidated a portion of the holdings.

A whale who bought and staked 2M $HYPE (cost $17.4M, now worth $107.2M) 9 months ago at $8.68 avg has now unstaked it and is very likely to sell for profits! 9 months ago, this whale deposited 17.4M $USDC into #Hyperliquid through 3 wallets and bought 2M $HYPE at $8.68 avg, then… ￰6￱ — Lookonchain (@lookonchain) September 16, 2025 Lookonchain reported on September 16 that the whale had deposited $17.4 million USDC into Hyperliquid through three ￰7￱ funds were used to acquire 2 million HYPE tokens, which were later distributed to nine different wallets for ￰8￱ of the addresses involved included 0x382f1…ba11d7, 0xa08ae97…c4abcc, and 0xa47e…6d0bdb8.

According to Arkham Intelligence data, they offloaded chunks of HYPE and the resulting stablecoin proceeds on Tuesday towards ￰9￱ initial unstaked coins and liquidation netted realized profits of roughly $89.8 million, but only $9 million was used to acquire positions on the DEX ￰10￱ was bought in at least three transactions, including a $3.41 million transfer, $2.41 million swap, and a $3.99 million exchange, all routed into new ￰11￱ whale is not the only trader pushing capital into ￰12￱ also identified a newly created wallet, 0x5bd4, that purchased 6.72 million Aster tokens worth nearly $14 million from Bybit on Tuesday, which has now grown to over $15 million after a small jump in the coin’s ￰13￱ crypto trader James Wynn’s account was also spotted exchanging referral rewards totaling $8,032.5 to go long on Aster and shorting ￰14￱ Wynn( @JamesWynnReal ) claimed $8,032.5 in referral rewards and went long on $ASTER while shorting $HYPE . ￰0￱ ￰15￱ — Lookonchain (@lookonchain) September 24, 2025 According to Hyperscan on-chain records, Wynn’s address 0x5078C…ce56BeDb6 currently has a $37,000 long position on ￰16￱ flock into Aster as price momentum continues After slumping earlier in the week, Aster surged more than 35% in the past 24 hours, trading above $2.20 at press ￰17￱ token’s average spot price hovered slightly above $1.20 on September 17 before breaking resistance levels in subsequent trading ￰18￱ spot and perpetual trading decentralized exchange coin is one of the most discussed projects in the market, aided by the support of Binance co-founder Changpeng Zhao.

“What people don’t get yet is that Aster is likely CZ’s insurance plan for ￰19￱ won’t stay a perp dex; it’ll likely have many of the functions of Binance ￰20￱ already even has an ‘Earn’ category,” said cross-chain Layer 1 network Glue Net founder ￰21￱ its token generation event in early September, ASTER has surged by more than 2,615%, which has garnered attention from influencers like YouTuber Mr ￰22￱ Cryptopolitan reported last weekend, the most subscribed YouTuber poured over $114,000 into the new project. However, at around 9:00 PM UTC Tuesday, Mr Beast sold $124,000 worth of Aster, which is almost half of the coins he had acquired last Friday, according to Arkham ￰23￱ up to Bybit and start trading with $30,050 in welcome gifts