On-chain analyst Ai Yi said a whale may be taking profit on HYPE after moving tokens worth about $6.48 million to an exchange. The address deposited 71,000 HYPE roughly 50 minutes before the report, with the transfer valued at $6.48 million based on a deposit price of $91.26 per token. The same whale had previously withdrawn 142,800 HYPE on Sept. 4 at $86.15, for a total value of $12.3 million at the time. If the latest deposited tokens are sold, the estimated profit would be about $362,000. Ai Yi also noted that the whale had been building a position in ETHFI worth $6.99 million since Sept. 29. The transaction was framed as a possible profit-taking move rather than a confirmed sale, based on the exchange deposit observed on-chain.
According to on-chain analyst Ai Yi, a whale that has been building an ETHFI position worth $6.99 million since Sept. 29 may be taking profit on HYPE.
About 50 minutes before the report, the whale deposited 71,000 HYPE to an exchange. Based on the deposit price of $91.26, the transferred tokens were worth about $6.48 million.
On Sept. 4, the same whale had withdrawn 142,800 HYPE at $86.15, with the position valued at $12.3 million at the time. If the newly deposited HYPE is sold, the estimated profit would be $362,000.
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