On-chain analyst Ai Yi said a whale that accumulated HYPE between June 11 and Aug. 13 has now moved part of that position to Coinbase. According to the monitoring data, the wallet built its holdings at a low entry price of $64.5 and amassed 280,000 HYPE worth $18.06 million in total. About four hours before the update, the whale sent 88,216 HYPE to Coinbase, marking the first deposit from that stash to the exchange. The transferred tokens were valued at $7.23 million at the time of the alert. If the whale sells the deposited amount, the position would generate a 27% return, with estimated profit reaching $1.538 million. The update was first reported by ChainCatcher, citing Ai Yi’s on-chain tracking.
ChainCatcher reported, citing on-chain analyst Ai Yi, that a whale accumulated 280,000 HYPE between June 11 and Aug. 13 after building the position at a low entry price of $64.5. The total value of the holdings was estimated at $18.06 million.
About four hours before the report, the whale sent 88,216 HYPE from that position to Coinbase for the first time. The transferred tokens were valued at $7.23 million. If sold, the trade would deliver a 27% return, with estimated profit of $1.538 million.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
