Hyperliquid’s HYPE token slid 2% on September 16 as traders fear a potential $107 million whale sell-off ahead. A whale who bought and staked 2 million HYPE nine months ago has begun moving funds. According to data shared by LookOnChain, the whale originally deposited $17.4 million USDC through three wallets, acquiring HYPE at an average price of $8.68. After splitting the tokens across nine wallets for staking, the whale applied to unstake a week ago and received the tokens on September 15. At the time ...

Avalon Labs’ native token AVL recorded a notable 8% daily surge on Sept. 10, standing out in a largely flat crypto market. The surge follows the company’s announcement of a major buyback and burn program, aimed at supporting the token’s long-term value. Earlier today, Avalon Labs confirmed the successful completion of a $1.88 million buyback and burn, which removed 13,955,164 AVL tokens from circulation. This represents around 37% of the current market supply. The AVL buyback initiative began in June 202 ...