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HYPE has a whale traffic jam near record highs. One side: Hyperliquid Strategies bought another 494,200 HYPE ($45.8M), taking its month’s accumulation to $476M. The other: five whales started unstaking roughly $90.4M, while another $12.15M moved to institutional custody. $HYPE is now $92.39 on OKX, just 5.8% below its ATH. Big money is moving in both directions at once.