A whale wallet tracked by ai_9684xtpa is suspected of taking profit on HYPE after moving 71,000 tokens to a trading platform, according to a BlockBeats report published on Oct. 2. The transfer took place about 50 minutes before the report and was valued at roughly $6.48 million, based on a deposit price of $91.26 per token. The same address had previously withdrawn 142,834.56 HYPE on Sept. 4 at a price of $86.15, for a total value of about $12.3 million. If the newly deposited HYPE is fully sold, the estimated profit would be around $362,000. BlockBeats also said the whale had built a $6.99 million ETHFI position starting on Sept. 29.
A whale wallet is suspected of taking profit on HYPE after depositing 71,000 tokens to a trading platform, according to monitoring by ai_9684xtpa cited by BlockBeats on Oct. 2.
BlockBeats said the address had built a $6.99 million ETHFI position starting on Sept. 29. About 50 minutes before the report, the wallet transferred 71,000 HYPE to an exchange. Based on a deposit price of $91.26, the tokens were worth about $6.48 million.
The same address had previously withdrawn 142,834.56 HYPE on Sept. 4 at a price of $86.15, with a total value of about $12.3 million. If all of the HYPE deposited this time is sold, the estimated profit would be about $362,000.
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