A trader known as "Meigu Da Yingjia," previously focused on U.S. stock trading, has fully exited a HYPE long position, according to monitoring data from TradingBeats, formerly Hyperinsight. The sale took place overnight and covered 295,300 HYPE tokens at an average execution price of about $82.47, for total turnover of roughly $24.353 million. The trade generated an estimated gross profit of around $277,000.
TradingBeats also said that 24 previously placed non-reducing sell orders remain active. Those orders are spread across a price range of $99.03 to $110.74 and total 327,300 HYPE, with a notional value of about $34.188 million. The data indicates that while the trader has already closed the long position mentioned in the monitoring update, a sizable batch of higher-priced orders has not been canceled.
BlockBeats reported on Aug. 28 that, according to monitoring by TradingBeats, formerly Hyperinsight, a trader known as "Meigu Da Yingjia," who previously focused on U.S. stock trading, sold the entire 295,300 HYPE long position overnight.
The average execution price was about $82.47, bringing total turnover to roughly $24.353 million. The position produced an estimated gross profit of about $277,000.
Higher-priced sell orders remain in place
TradingBeats said 24 previously placed non-reducing sell orders have not been canceled. Those orders are distributed between $99.03 and $110.74, totaling 327,300 HYPE with a notional value of about $34.188 million.
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