Odaily Planet Daily reports, according to on-chain analyst Yujin, a whale has just transferred 1.893 million HYPE tokens, redeemed earlier today, to the HyperEVM chain, valued at $106 million. The address has not yet deposited the tokens into an exchange, unlike the previous address. The whale originally accumulated approximately 2.886 million HYPE tokens at around $19.79 each earlier last year and is now realizing profits exceeding $104 million.
Whale transfers 1.893M HYPE tokens, worth $106M, to HyperEVM, realizing over $10.4M in profit.
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Summary
On-chain data reveals a whale has transferred 1.893 million HYPE tokens, worth $106 million, to HyperEVM. The tokens were previously redeemed and remain off exchanges. The whale originally purchased 2.886 million HYPE at $19.79 each, realizing a profit of over $10.4 million. No indications of an exchange hack were found in the transaction history.
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