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Hyperliquid drops 4% as whales take $5 million profit

By Hassan Maishera

Key takeaways Hyperliquid (HYPE) fell 4% to approximately $78 on Friday, extending its pullback. Hyperliquid Strategies (PURR) has applied for futures commission merchant (FCM) registration to support regulated perpetual futures trading for US customers. Four large whale wallets reportedly realized a combined $5…

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