Hyperliquid Price Slips as Whales Move $14.83M Off Coinbase Prime

TLDR: Hyperliquid price traded near $80.80 after falling almost 3%, while the $78 to $80 zone formed the immediate support range. Two linked wallets withdrew 83,630 HYPE worth $6.69 million, lifting their estimated two-week accumulation to $14.83 million. Bitwise lists the 0x6183 address among BHYP wallets, supporting its association with a reported $74.9 million staked balance. Bitwise reported $185.96 million in total HYPE holdings and a 70% staking ratio, while Coinbase deposits returned supply. Hyperliquid price fell toward $80 on Saturday after two linked wallets extended a concentrated HYPE accumulation run. Onchain Lens reported that the addresses withdrew 83,630 HYPE, worth about $6.69 million, from Coinbase Prime. Those transfers raised their estimated two-week purchases to 223,350 tokens, valued near $14.83 million. Hyperliquid (HYPE) PriceMeanwhile, HYPE is trading at around $80.80, down 3% over 24 hours. The token traded between $78.60 and $84.94 after reaching an $86.71 record on August 28. Whale withdrawals and institutional staking now contrast with profit-taking across crypto markets. Warsh’s inflation message preceded that selling. That contrast now shapes current market positioning. Hyperliquid Price Tracks Whale Withdrawals From Coinbase Prime Onchain Lens linked the wallets through transaction timing and fund movements. The addresses are 0xCa521B105133cb3Ee9903F85F6A51ba46aF63C12 and 0xa14DD0DE933104d56A55D43F12e8c6Dc5800411b. Their synchronized withdrawals moved tokens from custody into self-controlled wallets. Exchange withdrawals can reduce tradable supply. Still, they do not prove a holder’s intention. The wallets stay pseudonymous, and no owner has publicly confirmed the connection. Self-custody also delays resale, since holders must redeposit tokens before accessing liquidity. Market participants compare outbound and inbound flows before judging net change in supply. That balance can shift quickly. A fresh wallet acquired 440,000 HYPE through FalconX, adding an institutional-sized transaction. Meanwhile, four wallets withdrew 675,000 HYPE from Coinbase recently, then staked most assets. Onchain Lens valued that combined position near $53.92 million. WHALE BUYS $14.8M $HYPE FROM COINBASE Two wallets, likely connected to the same whale, withdrew 83.63K $HYPE (~$6.69M) from Coinbase Prime within minutes. Together, they have accumulated 223.35K $HYPE (~$14.83M) over the past two weeks. Addresses:… pic.twitter.com/PkQCdxRhg2 — Onchain Lens (@OnchainLens) August 28, 2026 The token’s response has diverged from those large flows. Hyperliquid price dropped after reaching its record, matching a broader risk-off move. Warsh said the Federal Reserve needs clearer progress toward its 2% inflation objective. His Jackson Hole comments lifted rate expectations and pressured Bitcoin alongside other risk assets. Derivatives positioning probably magnified the decline. HYPE open interest stood near $1.95 billion, while negative funding signaled crowded short-term positioning. A leveraged market can force rapid liquidations when spot prices move through closely watched levels. Hyperliquid price support now sits between $78 and $80. A daily break below $78 would expose the $73 to $75 region. Conversely, a move above $84 would return attention to the $86.71 record.