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A whale or institutional investor liquidated their entire position in HYPE, locking in a profit of $132 million.

2 days ago

According to YuEmber Monitoring, a whale or institution that redeemed 2.886 million HYPE tokens from staking at the end of July has completed its liquidation. Twenty minutes ago, it transferred its remaining 969,000 HYPE tokens (valued at approximately $79.18 million) to Coinbase Prime and FalconX. Early last year, the entity accumulated and staked the 2.886 million HYPE tokens at an average price of roughly $19.8. It liquidated its entire position over the past month at an average price of around $64.9, netting a profit of $132 million.

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