Whale Reverses Course: After Selling HYPE, Turns Bullish with Massive Long Position

Whale Shifts Gears: From Selling to Aggressive Long on HYPE

On March 21, OnchainLens detected a significant shift in behavior from a major wallet previously known for offloading large volumes of HYPE. After completing a timed sell order worth $20 million in the token, the address abruptly reversed course—canceling its sell strategy and initiating a leveraged long position with 3x exposure.

This isn’t a passive accumulation. The wallet now holds 135,065.05 HYPE, valued at approximately $5.33 million, signaling strong conviction in a price rebound. The use of leverage amplifies both risk and potential return, indicating a tactical bet on short-to-mid-term upside.

Quiet Accumulation Underway with Active Buy Orders

Adding to the bullish signal, the wallet maintains an active TWAP (Time-Weighted Average Price) buy order. This allows for stealthy, market-neutral accumulation over time, minimizing slippage and avoiding sudden price spikes.

• Prior Move: Systematic $20M sell-off via TWAP to exit positions smoothly
• Current Position: 3x leveraged long with over 135K tokens held
• Ongoing Strategy: Continual accumulation through algorithmic execution

This pivot reflects sophisticated capital management—taking profits at peak levels, then re-entering with precision. As the whale builds its position, market participants are watching closely to see if this signals the start of a new upward leg for HYPE.