ChainCatcher reported, citing on-chain analyst @ai_9684xtpa, that a whale associated with an ETHFI position built from Sept. 29 and valued at $6.99 million may be taking profit on HYPE. About 50 minutes before the report, the address deposited 71,000 HYPE to an exchange, with the transfer valued at roughly $6.48 million based on a deposit price of $91.26. The same address had previously withdrawn 142,834.56 HYPE on Sept. 4 at $86.15, for a total value of $12.3 million. If the newly deposited tokens are sold, the trade would generate an estimated profit of $362,000, according to the monitoring data cited in the report. The update was attributed to ChainCatcher and framed as an on-chain observation rather than a confirmed completed sale.
ChainCatcher reported, citing on-chain analyst @ai_9684xtpa, that a whale linked to an ETHFI position built from Sept. 29 and worth $6.99 million may be taking profit on HYPE.
About 50 minutes before the report, the address deposited 71,000 HYPE to an exchange. Based on the deposit price of $91.26, the transfer was valued at about $6.48 million.
The address had previously withdrawn 142,834.56 HYPE on Sept. 4 at $86.15, with the position valued at $12.3 million at the time. If the latest deposited tokens are sold, the estimated profit would be $362,000.
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