PANews reported on April 7th that, according to Onchain Lens, a Hyperliquid whale acted swiftly after Telegram announced its integration with Lighter. This whale sold 12,200 $HYPE (approximately $449,100) today and placed sell orders for 10,400 $HYPE (approximately $386,000), while also withdrawing $1.26 million in USDC.

It's worth noting that this whale had already closed out its multi-million dollar long positions in $HYPE after the announcement on April 3rd. To date, its cumulative profits have exceeded $1.72 million.

Previously, it was reported that Telegram's built-in wallet app, Wallet, launched a perpetual contract trading function, powered by Lighter .