On-chain data reveals significant whale accumulation activity focused on Humanity Protocol's native token, H. Two major investor addresses have executed an intensive accumulation strategy over recent months, withdrawing large quantities of H tokens from centralized exchanges and consolidating them into on-chain wallets.
Between November 23, 2025, and February 14, 2026, the two whale addresses systematically withdrew tokens primarily from exchanges including Bybit, Gate.io, and KuCoin. The data indicates a clear strategy of regular purchases intended for long-term holding rather than short-term trading.
The first address, identified as 0x9184...6F42, withdrew a total of 23.14 million H tokens, an amount that represents nearly the address's entire current balance. The second address, 0xbaab...7ab2, was even more aggressive, withdrawing 51.25 million H tokens from exchanges, constituting the vast majority of assets held by this wallet.
The combined withdrawal from both addresses reached approximately 74.4 million H tokens, representing substantial accumulation by sophisticated investors during this three-month period.
Separately, in the decentralized finance perpetual trading space, a prominent whale trader demonstrated remarkable conviction on the Hyperliquid platform. During mid-February 2026 market turbulence, with Ethereum struggling to maintain the $2,100 level amid institutional withdrawals and macroeconomic uncertainty, this trader executed a high-stakes maneuver.
On February 11, the investor deposited $1.99 million in USDC into Hyperliquid, increasing total collateral to $32.7 million. Using this credit line, the trader established a 20x leveraged long position on Ethereum (ETH) that peaked at 45,000 ETH, equivalent to approximately $87.8 million.
The position initially faced significant pressure, with floating losses reaching $3.5 million as ETH tested psychologically important support levels. However, the whale maintained the position through the volatility. By February 15, 2026, the market recovery transformed the situation completely, with the position now showing approximately $2.48 million in realized and floating profit—a $6 million swing from the lowest point.
This successful trade highlights the growing sophistication of decentralized perpetual exchanges like Hyperliquid, which has recently captured nearly 35% of the entire perpetual DEX trading volume. The platform's infrastructure has been strengthened by recent integration of Tether's USDT0 standard, enabling improved cross-chain collateralization.
