Whale Sells $228M in HYPE, Nets $148M Profit
A whale sold 4.99M HYPE tokens for $228M, gaining $148M profit after holding for 9 months.
- Whale sold 4.99M HYPE for $228M
- Profit of $148M after 9 months
- Still holds $3.3M worth of HYPE
Whale Cashes Out $228M in HYPE
A major crypto whale has made headlines after selling a massive portion of their HYPE holdings. The investor sold 4.99 million HYPE tokens for $228.76 million at an average price of $45.82, booking an incredible profit of $148.63 million.
This sale marks one of the largest profit-taking moves in the HYPE ecosystem in recent months, drawing attention from traders and investors across the crypto market.
From $16 to $45: A Huge Gain
Nine months ago, the whale purchased 5.07 million HYPE tokens at an average price of just $16.23 each. By selling at nearly three times the entry price, the investor capitalized on HYPE’s sharp price growth.
Despite the large sale, the whale still retains 77,089 HYPE tokens worth about $3.37 million, indicating they are not completely out of the market.
Market Impact of Whale Moves
Whale transactions like this can influence market sentiment, especially when large amounts are sold at once. While the profit-taking could signal caution to some investors, it also highlights the strong returns early buyers of HYPE have achieved.
As HYPE continues to attract attention, traders will be watching closely to see whether this whale’s exit sparks more selling pressure or if the market absorbs the supply smoothly.
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