Balina HYPE to LIT Transition: Strategic Weighted Average Price Acquisition

A recent whale transaction has revealed notable moves in the crypto market. The large player in question triggered approximately 2.5 million dollars worth of 100,000 HYPE tokens in a short period of time. This selling activity marks the first step of a specific strategy.

Time-Weighted Average Price Strategy and LIT Acquisition

The capital released by the whale was concentrated entirely on a different token, LIT. Using the TWAP mechanism, it was planned to systematically purchase 500,000 LIT tokens over a five-hour period for approximately 1.73 million dollars. As of the time this article was prepared, this purchase process has successfully resulted in about 77,000 LIT entering the wallet, with a value of around 266,000 dollars.

Additional Liquidity Resources in the Stake Position

It is also observed that the whale’s moves are not limited to HYPE sales. During the same period, another 100,000 HYPE tokens locked in the staking mechanism were also unlocked, with their value exceeding 2.54 million dollars. These assets have been released to become fully liquid within a seven-day period.

Profitable Positions Since Token Creation Event

This whale wallet has been a significant participant since the early days of the Hyperliquid ecosystem. Having acquired 684,415.94 HYPE tokens during the TGE phase, this account ranked twentieth in the airdrop distribution at that time. Until now, this whale has accumulated profits exceeding 17 million dollars from HYPE holdings. The current market prices of HYPE at 24.21 dollars and LIT at 2.20 dollars indicate that such strategic moves are not insignificant in terms of market dynamics.