Hyperliquid Whale Rotates from PUMP to HYPE, Signaling Market Sentiment Shift

A notable crypto whale by address 0x0895...332C21 has caught market attention by dumping $1.3M worth of PUMP tokens amid a 12% price decline, subsequently establishing a $3.9M long position in HYPE on Hyperliquid platform. This significant portfolio adjustment has sparked diverse market interpretations regarding the prospects of both projects.

Why Did the Whale Dump PUMP?

PUMP's fundamentals have shown clear signs of weakness amid broader MEME platform restructuring. Trading volumes have decreased from approximately $288 million to $247 million, while the token’s price fell around 15% in a single day.

The PUMP development team moved over $9 million worth of 2.5 billion PUMP tokens to the OKX exchange, raising further concerns about the token’s outlook.

In contrast, emerging platforms like Heaven are capturing market share in the MEME sector, launching 3,865 tokens in just six days and taking about 15% of the launch platform market, demonstrating strong growth momentum.

HYPE Emerges as a New Market Favorite

In contrast, Hyperliquid has shown significant growth. HYPE's market indicators demonstrate strong investor interest. On August 15, 2025, the platform achieved a record-breaking $29 billion in 24-hour trading volume.

Additionally, Hyperliquid announced a $3.97 million HYPE token buyback program, further boosting market confidence. The platform’s tokenomics also support this buyback strategy, allocating 97% of transaction fees to repurchasing and burning HYPE tokens, reinforcing a deflationary mechanism that enhances the token’s value.

Following these developments, the platform recorded a new peak in derivatives trading volume at $420 million, highlighting its growing dominance in the decentralized finance space.