Aave Approaches $126 Support as Whales Dump $109M in Hyperliquid
Large sell-offs in Hyperliquid and technical pressure weigh on Aave's price action.
Large sell-offs in Hyperliquid and technical pressure weigh on Aave's price action. Hyperliquid (HYPE) is trading at $87.96. This is an original TLT brief based on reporting by Crypto Daily, with live market data added, as of Sun, 01 Nov 2026 18:00:06 UTC.
The whale sell-offs and technical indicators suggest potential shifts in investor sentiment and market dynamics for both Aave and Hyperliquid. These movements could influence broader DeFi market trends and investor confidence.
- Two whales sold $109M in Hyperliquid after ICE revised its perps plan.
- Aave is oversold below its 200-day EMA near $126.
- Hyperliquid's TVL rose 11.8% to $1.94B in the past week.
- Hyperliquid Bitcoin Whales Shift to Net Short Positioning for First Time Since March
- Hyperliquid Approaches $100 Amid ICE Partnership Buzz
- AAVE Faces Critical $113 Support Test Amid Market Volatility
- Aave Approaches $126 Support as Whales Dump $109M in Hyperliquid — this brief
Large-scale transactions in the 
Hyperliquid (HYPE) market have caused significant price movements, with two whales selling approximately $109 million worth of the token. This sell-off followed ICE's revision of its perpetual futures plan, which likely impacted investor sentiment.
Aave (AAVE) is currently trading below its 200-day exponential moving average (EMA) near $126, a key technical level that often indicates whether an asset is oversold or overbought. This suggests potential downward pressure on Aave's price in the short term.
In contrast, Hyperliquid's Total Value Locked (TVL) has increased by 11.8% over the past week to $1.94 billion, according to DeFiLlama. This growth indicates continued interest and investment in the platform despite the recent whale sell-off.
The broader crypto market remains relatively flat, with a total market cap of $2.69 trillion. 
Bitcoin has seen a modest 0.74% increase in the last 24 hours, while the Fear & Greed index stands at 34, indicating a 'Fear' sentiment among investors.
Looking ahead, traders will be watching the $126 level for Aave and the $95 level for Hyperliquid as key support and resistance points. The market's reaction to these technical levels could provide further insight into investor sentiment and potential future price movements.
Since this brief published about 11 hours ago, Hyperliquid (HYPE) has moved from $88.00 to $87.96 — -0.05%.
The chart plots HYPE's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 HYPE ≈ ₦121,186.89 (about $87.96), up 0.1% over 24 hours. The naira itself trades about 2.4% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · November 1, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Aave Approaches $126 Support as Whales Dump $109M in Hyperli — questions & answers
What caused the Hyperliquid whale sell-off?
The sell-off was triggered by ICE's revision of its perpetual futures plan.
Why is Aave's price under pressure?
Aave is oversold below its 200-day EMA near $126, indicating potential downward pressure.
How has Hyperliquid's TVL changed recently?
Hyperliquid's TVL increased by 11.8% to $1.94 billion in the past week.
How much is 1 Hyperliquid worth in naira today?
About ₦121,186.89 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $87.96. The naira price moves with both HYPE's US-dollar price and the USDT/NGN rate; use our Hyperliquid in naira page for any amount.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Crypto Daily. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.