Whale Holding $122M in $HYPE May Sell Soon
Whale behind $122M $HYPE withdrawal may sell soon, sitting on $90M in gains.
- Whale withdrew 2.39M $HYPE tokens worth $122M.
- Likely identity is @Techno_Revenant with a $12 entry price.
- Could be preparing to sell and lock in $90M+ profit.
A major crypto whale, likely identified as @Techno_Revenant, has just made a huge move involving $HYPE tokens. According to on-chain data, a wallet tagged as 0x316f…e678 withdrew 2.39 million $HYPE, currently valued at around $122 million, just four hours ago. This wallet is believed to be the main address linked to Techno_Revenant, a known figure in the crypto community.
$HYPE Accumulated 9 Months Ago
The whale’s entry into $HYPE dates back nine months, with an estimated cost basis of around $12 per token. This implies that the current value marks an unrealized gain of over $90 million. While there has been no official statement or confirmed sale yet, such a large withdrawal is often seen as a precursor to selling, especially if the funds are moved from a long-term holding wallet.
Market Watching Closely for a Sell-Off
With $HYPE’s price rallying and this whale holding a significant portion of the token supply, the crypto community is watching closely. If @Techno_Revenant decides to sell, it could trigger volatility or a price correction in the $HYPE market. Investors and traders should stay alert for further on-chain activity from the wallet to anticipate the next move.
Read Also :
- Market Loaded with Shorts as Long Bets Decline
- Remittix Is Topping Crypto Charts Globally After Announcing 300% Crypto Bonus Ending In 24 Hours
- As SOL And XRP Slip Sharply, This Top Crypto Presale to Buy at 0.00005576 Makes Noise Across Markets
- The Top Altcoin To Buy Now Is Remittix As Investors Set For Gold With This 300% Crypto Bonus Offer
- Remittix Set To Eclipse BlockDag After Experts Predict 500% Gains For Holders As Early As Monday
