According to Odaily, on-chain tracker Onchain Lens has spotted a clear divergence in whale behavior around HYPE, the native token of the decentralized perpetual exchange Hyperliquid. A newly created address withdrew 180,000 HYPE worth approximately $13.18 million from Coinbase and promptly staked the tokens, signaling a long-term bullish stance.
In contrast, a separate whale wallet offloaded 238,811 HYPE at a valuation of $16.3 million, locking in a profit of $1.3 million. Notably, this seller still holds 10,000 HYPE in staking, indicating they haven't fully exited their position. The simultaneous buying-and-staking alongside profit-taking underscores the mixed sentiment among large holders in the HYPE market.
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