A whale/institution that redeemed 2.886 million HYPE from staking in late July has fully liquidated, with the final 969,000 HYPE (~$79.18M) transferred to Coinbase Prime and FalconX just 20 minutes ago. The address accumulated and staked HYPE at ~$19.8 in early 2024, then sold at ~$64.9 over the past month, netting a $132M profit.
Whale Liquidates 2.886M HYPE for $132M Profit
According to on-chain monitoring by EmberCN, a whale/institution that redeemed 2.886 million HYPE from staking in late July has completed its liquidation. The address transferred the final 969,000 HYPE (worth approximately $79.18 million) to Coinbase Prime and FalconX just 20 minutes ago.
The address originally accumulated and staked 2.886 million HYPE at around $19.8 per token in early 2024. Over the past month, it sold the entire position at an average price of about $64.9, realizing a profit of $132 million.
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