According to on-chain analyst Ember, the whale/institution that redeemed 2.886 million HYPE from staking at the end of July has now fully liquidated its position. Twenty minutes ago, it transferred the remaining 969,000 HYPE to Coinbase Prime and FalconX, valued at approximately $79.18 million. This address originally accumulated and staked 2.886 million HYPE at around $19.80 each earlier last year, and has gradually sold off its holdings over the past month at an average price of approximately $64.90, realizing total profits of about $132 million, with a return on investment of roughly 228%.
Whale/Institution Fully Exits 288.6K HYPE, Realizing $132M Profit
TechFlowShare
Summary
A whale or institution has fully exited 288.6K HYPE tokens, realizing a $132M profit. The address, which staked the tokens at approximately $19.8 each in early 2024, sold them over the past month at $64.9 each. The final 96.9K HYPE were transferred to Coinbase Prime and FalconX, valued at $79.18 million. This move underscores a major development in crypto news, with the trade generating a 228% return.
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