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 :
- Investors Are Rushing Into BlockDAG’s $0.03 Buyback as Zcash Holds $619 and DOT Slashes Inflation: Top Crypto Coins
- Chris Jericho to Join and Co-Create Official Community Traits for Kokopi Koalas™ NFT Collection
- BlockDAG Runs $0.03 Buyback for New Buyers and a $0.00025 Holder Track: The Dual System Behind the Best Long-Term Crypto
- Neura Closes Strategic Funding Round and Partnerships to Build Emotional AI with Persistent, User-Owned Memory
- Phemex Kicks off $7 Million Ultimate Championship, Bringing Trading Competition to Football Season
