According to monitoring by the on-chain analytics platform Lookonchain (@lookonchain), a cryptocurrency whale has successfully cashed out after holding HYPE tokens for 14 months. The whale had previously spent 2.58 million USDC to purchase 295,917 HYPE tokens at a unit price of $8.74 and staked them about 14 months ago. Today, the whale unstaked and sold the entire position for 7.51 million USDC, realizing a profit of 4.92 million USDC. Monitoring data shows that during the price peak, the position's profit had once exceeded 15 million USDC.
Whale Makes $4.92M Profit After Holding HYPE Token for 14 Months
TechFlowShare
Summary
Whale activity trading saw a major move as a crypto whale cashed out $4.92 million in profits after holding HYPE tokens for 14 months. The whale initially spent 2.58 million USDC to buy 295,917 HYPE tokens at $8.74 each and staked them. Today, the whale unstaked and sold the entire position for 7.51 million USDC. At its peak, the position's profit exceeded $15 million. Technical analysis for crypto suggests such whale moves can signal market shifts.
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