Data: A certain whale unstaked 20,000 HYPE and transferred it to Kraken 3 hours ago, suspected to be preparing for sale

According to on-chain analyst Onchain Lens (@OnchainLens), a certain Hyperliquid trader address (0xA03…702aA) unstaked 20,000 HYPE (approximately $1.15 million) 3 hours ago and transferred it to Kraken, suspected to be preparing for a sale.

The wallet also unstaked and deposited 24,950 HYPE to Kraken last week. Since December 2025, this address has accumulated $47.79 million in purchases of 1.37 million HYPE and $45.47 million in sales of 1.25 million HYPE, with a total spot trading volume of $93.25 million, resulting in a cumulative loss of approximately $406,000.