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taishiro
Combined, that's roughly $26.5M in realized profits.
This isn't an isolated transaction either. Another whale sold 694,310 HYPE worth approximately $53.27M over five days earlier this week.
Naturally, this adds selling pressure, especially after HYPE's strong run. Price has pulled back into the $86 to $90 region, but the selling hasn't triggered a major collapse so far.
There's another side to the picture.
taishiro
Whales are starting to lock in profits on $HYPE, and the latest on-chain transactions are worth paying attention to
According to Lookonchain, two major wallets have sold a combined 1.21M HYPE worth approximately $108.81M
Here’s how the sales break down:
• Wallet 0x2685 sold 912,383 HYPE for roughly $82.09M, locking in over $10M in profit after holding for about a month
• Wallet 0x648F sold 296,705 HYPE worth around $26.72M, realizing approximately $16.5M in profit after holding for 11 months
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