Whale/Institution Fully Exits HYPE, Realizes $132M Profit

iconChainthink
Share
This is the logo of the coin.
HYPE
$94.013.18%
AI summary iconSummary
On-chain data reveals a major whale or institution fully exited its HYPE position on September 3, transferring the final 969,000 HYPE (~$79.18 million) to Coinbase Prime and FalconX. The address originally purchased 2.886 million HYPE at approximately $19.8 in early 2023 and redeemed it in July. Over the past month, it sold at around $64.9, realizing a $132 million profit. This move adds to recent crypto price news indicating large-scale exits.

ChainThink reports that, as monitored by Yujin, a major whale/institution has fully liquidated its HYPE holdings, transferring the final 969,000 HYPE (approximately $79.18 million) to Coinbase Prime and FalconX 20 minutes ago.

This address accumulated and staked 2.886 million HYPE at an average price of approximately $19.8 earlier last year, and redeemed the entire position at the end of July. Over the past month, it sold the tokens in batches at an average price of approximately $64.9, realizing a profit of about $132 million.

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.