Odaily Planet Daily reports, according to on-chain analyst Yujin, the entity purchased 441,000 HYPE tokens using 36 million USDC over the past two days and deposited them into staking, at an average price of $81.60; it has just transferred an additional 12 million USDC to purchase more HYPE. The entity currently has 4.826 million HYPE tokens staked, valued at $404 million, with an average cost of approximately $66.10 and an unrealized profit of $84.9 million.
Entity stakes 4.826 million HYPE tokens worth $404 million, generating $84.9 million in floating profit.
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Summary
A major entity staked 4.826 million HYPE tokens, valued at $404 million, generating a floating profit of $84.9 million. The tokens were purchased over two days using 36 million USDC at an average price of $66.1 per HYPE. Price analysis indicates strong short-term gains, with the crypto’s price movement reflecting recent buying pressure. This trade underscores HYPE’s volatility and potential for rapid returns.
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