On-chain analyst Ai Yi said a whale that accumulated 280,000 HYPE between June 11 and Aug. 13 has made its first apparent transfer to Coinbase. The wallet built the position at a low of $64.5 and amassed holdings valued at $18.06 million, according to the monitoring data. Four hours before the report, the address deposited 88,216 HYPE to Coinbase, with the transferred tokens valued at $7.23 million. If the whale sells those tokens, the estimated return would be 27%, with projected profit of about $1.538 million. The transaction marks the first Coinbase deposit from that HYPE position flagged by the analyst.
Odaily reported that on-chain analyst Ai Yi tracked a whale that accumulated 280,000 HYPE between June 11 and Aug. 13, building the position at a low of $64.5. The total holdings were valued at $18.06 million.
Four hours before the report, the whale sent 88,216 HYPE from that position to Coinbase for the first time. The transferred tokens were worth $7.23 million. If sold, the position would generate an estimated 27% return and about $1.538 million in profit.
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