Huo Xing Finance reports, according to on-chain analyst Yujin, the whale or institution that redeemed 2.886 million HYPE at the end of July has completed its full exit, transferring the final 969,000 HYPE ($79.18 million) to Coinbase Prime and FalconX 20 minutes ago. The entity accumulated and staked HYPE at approximately $19.8 earlier last year and liquidated it at around $64.9 over the past month, realizing a profit of $132 million (+228%).
Whale Sells 288.6K HYPE Tokens for $132M Profit
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Summary
A whale or institution that redeemed 288.6K HYPE tokens from staking in late July has completed its sell-off, transferring the final 96.9K HYPE (worth $79.18M) to Coinbase Prime and FalconX. The entity purchased and staked the tokens at approximately $19.8 in early 2025 and sold them at around $64.9 recently, realizing a $132M profit (+228%). This movement adds to recent crypto news, signaling a major token shift and highlighting a large-scale exit in the cryptocurrency news cycle.
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