A wallet that bought 258,000 HYPE at an average price of about $3.5 two years ago has started taking profit, according to a post from @Lookonchain cited by Techub News. Over the past week, the address deposited 131,421 HYPE to Kraken, with the transferred tokens valued at about $11.77 million at an average price of roughly $89.56. The wallet still holds 140,506 HYPE, currently worth about $12.2 million. The update points to a partial sell-down rather than a full exit, with a large remaining balance still sitting in the address after the recent exchange deposits. All figures in the report were attributed to @Lookonchain.
Techub News, citing @Lookonchain, said a wallet that bought 258,000 HYPE at an average price of about $3.5 two years ago has recently started selling for profit.
Over the past week, the address deposited 131,421 HYPE to Kraken, worth about $11.77 million at an average price of roughly $89.56.
The wallet still holds 140,506 HYPE, with the remaining position valued at about $12.2 million.
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