On-chain tracker @ai_9684xtpa said a so-called smart money wallet has deposited a total of 131,421 HYPE to Kraken since Sept. 28. Based on a transfer price of $89.56, the tokens were worth about $11.77 million at the time of deposit. If the position has been sold, the wallet would be sitting on a profit of $11.26 million. The reported cost basis was as low as $3.87 per HYPE. The post frames the activity as a likely reduction in holdings over the past 10 days, though the disclosed data specifically points to cumulative deposits to the exchange.
According to on-chain monitoring by @ai_9684xtpa, a smart money wallet has cumulatively deposited 131,421 HYPE to Kraken since Sept. 28.
At a deposit price of $89.56, the transferred HYPE was worth about $11.77 million. If sold, the wallet would realize a profit of $11.26 million, with a reported cost basis as low as $3.87.
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