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Whale Liquidation of 2.886M HYPE Nets $132M Profit
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News EditorAn on-chain whale that redeemed 2.886 million HYPE from staking in late July has completely liquidated its position. The final 966,000 HYPE ($79.18 million) was transferred to Coinbase Prime and FalconX 20 minutes ago. The whale accumulated and staked HYPE at around $19.8 in early last year, and sold at about $64.9 over the past month, yielding a profit of $132 million (+228%).
According to on-chain analyst Yu Jue, a whale or institution that redeemed 2.886 million HYPE from staking at the end of July has fully completed its liquidation. Twenty minutes ago, the final 966,000 HYPE (approximately $79.18 million) was transferred to Coinbase Prime and FalconX.
The whale accumulated and staked HYPE at around $19.8 in early last year, and sold at about $64.9 over the past month, realizing a total profit of $132 million, representing a gain of 228%.
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