A whale or institutional investor has fully exited its HYPE position, realizing a profit of $132 million. The entity deposited the final 969,000 HYPE (worth $79.18 million) into Coinbase Prime and FalconX. The whale had accumulated 2.886 million HYPE at an average price of $19.8 last year and sold at an average of $64.9 over the past month.
A whale or institutional investor has fully liquidated its HYPE holdings, securing a profit of $132 million, according to on-chain data monitored by Ember.
The entity, which redeemed 2.886 million HYPE from staking in late July, transferred its final 969,000 HYPE (worth approximately $79.18 million) to Coinbase Prime and FalconX just 20 minutes ago.
The whale had accumulated and staked 2.886 million HYPE at an average price of $19.8 in early last year. Over the past month, it sold the entire position at an average price of $64.9, generating a profit of $132 million.
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