A whale/institution transferred 923,700 HYPE to Coinbase Prime and FalconX half an hour ago, worth $53.03 million, according to on-chain analyst Ember. The address staked 2.886 million HYPE at an average price of $19.79 early last year, redeemed them in late July, and has now transferred out 1.956 million HYPE worth approximately $110 million, realizing a total profit of $109 million. The address still holds 969,000 HYPE worth $55.73 million.
A whale or institution moved 923,700 HYPE into Coinbase Prime and FalconX about half an hour ago, valued at $53.03 million, according to on-chain analyst Ember.
The address originally staked 2.886 million HYPE at an average price of roughly $19.79 in early last year. After the tokens were redeemed from staking in late July, transfers to Coinbase Prime and FalconX began.
So far, 1.956 million HYPE have been moved out, worth approximately $110 million. The cumulative profit stands at $109 million. The address still holds 969,000 HYPE, valued at $55.73 million.
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