High Stakes Capital liquidated HYPE, selling over 600,000 HYPE tokens in 24 hours, cashing out nearly $22.94 million.

Onchain Lens reported on March 24 that the on-chain address High Stakes Capital sold a cumulative 602,421 HYPE tokens in the past 24 hours, exchanging them for approximately 22.938 million USDC, with an average transaction price of $38.08. The latest transaction involved selling the remaining 152,421 HYPE tokens, cashing out about $5.82 million and completing the liquidation.