Odaily reported that, according to monitoring by Onchain Lens, a new wallet withdrew 150,000 HYPE from the crypto trading platform Bybit over the past five days. Based on the valuation included in the monitoring update, the withdrawn tokens are worth approximately $11 million.
The address currently has about $1 million in unrealized profit. Unrealized profit refers to gains calculated at current prices that have not been realized through a sale or similar transaction. The available information only covers the wallet’s withdrawal size, estimated dollar value and current unrealized profit, and does not disclose further transaction activity.
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