PANews reported on August 26 that according to Lookonchain monitoring, the whale address 0xa523 sold 886,287 HYPE (worth US$39.66 million) and 1.63 million Fartcoin (worth US$1.27 million) in the past 12 hours, with a total loss of US$1.14 million.

Subsequently, the whale opened a 15x leverage position and went long on 51,691 Ethereum (ETH).