PANews, March 24: According to Onchain Lens, the on-chain address High Stakes Capital sold a total of 602,421 HYPE tokens over the past 24 hours, receiving approximately 22.938 million USDC at an average price of $38.08. The most recent transaction involved selling the remaining 152,421 HYPE tokens, cashing out approximately $5.82 million, completing the full liquidation.
High Stakes Capital Sells All HYPE Holdings for $22.9M in 24 Hours
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Summary
On-chain analysis shows that High Stakes Capital sold 602,421 HYPE tokens within 24 hours, receiving 2,293.8 USDC at an average price of $38.08. The final batch of 152,421 tokens sold for $5.82 million, completing the liquidation. Price analysis indicates a rapid exit amid changing market conditions. This movement underscores the importance of on-chain data in monitoring major holder activity.
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