According to on-chain analyst Onchain Lens (@OnchainLens), bullish whales have been steadily accumulating $HYPE. Address "0xdf7" purchased 58,279 $HYPE tokens 2 hours ago at an average price of $63.36, spending $3.69 million. Address "0x714" sold 38 $BTC (approximately $2.9 million) over the past 24 hours and bought 46,276 $HYPE tokens at an average price of $62.86. Meanwhile, a whale dormant for 8 months sold 101,156 $HYPE tokens 4 hours ago at an average price of $63.06, cashing out approximately $6.38 million in USDC.
Two whales buy $6.59 million worth of $HYPE as a dormant whale sells $6.38 million.
TechFlowShare
Summary
Whale activity in $HYPE intensified as two major addresses moved over $6.59M into the token. Address '0xdf7' spent $3.69M to purchase 58,279 $HYPE tokens at $63.36 two hours ago. Address '0x714' sold 38 BTC ($2.9M) and used the proceeds to buy 46,276 $HYPE at $62.86. Meanwhile, a dormant whale sold 101,156 $HYPE at $63.06, securing $6.38M in USDC. The contrasting moves highlight a shifting risk-to-reward ratio for $HYPE holders.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.