A prominent trader known as 'Tummy' has closed a massive long position in the HYPE token on Hyperliquid. The divestment involved 459,000 HYPE tokens, valued at approximately $13.8 million, and was executed over a three-hour window. The exit occurred as HYPE prices dipped below the $30 level, highlighting potential capitulation or a shift in sentiment among large holders. Market participants are closely monitoring this activity given the size of the position and its impact on available liquidity.