Early HYPE Whale Cashes Out $57M in Profits
An early HYPE whale secures over $57M in profits after selling more tokens. Here’s how his strategic moves played out.
- Whale sold another $3.82M worth of HYPE.
- Initial investment was $9.51M at $7.52 average.
- Still holds over $50M in HYPE tokens.
A major HYPE whale, identified as wallet 0x7dac, has taken further profits by selling 67,006 HYPE tokens worth about $3.82 million. This move comes after earlier large sales, showcasing a carefully planned profit-taking strategy.
The whale was among the earliest investors in the HYPE project, accumulating 1.26 million tokens at an average of $7.52, spending around $9.51 million. He also received an additional 22,270 tokens during genesis, boosting his early holdings.
Profits Already Locked In
This investor has already realized massive profits. At an average selling price of $41.9, he previously sold 385,513 tokens, earning around $16.15 million. With the latest sale added, his total realized profit now surpasses $57 million.
Despite these huge cash-outs, the whale isn’t done yet. He still holds over 900,663 HYPE tokens, currently valued at more than $50.5 million, leaving plenty of upside if the project continues to grow.
Impact on the Market
Large whale movements often spark discussions within the crypto community. While profit-taking can create short-term selling pressure, it also reflects confidence in the token’s liquidity and market strength.
The fact that this early whale still holds a massive position suggests continued belief in the HYPE ecosystem, even while securing life-changing profits along the way.
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