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Lookonchain: Two Whales Sold $108.81 Million Worth of HYPE Within Hours, Realizing Over $26.5 Million in Combined Profits
Lookonchain monitoring shows that wallet 0x2685 sold 912,383 HYPE tokens, worth $82.09 million, approximately 6 hours ago. This wallet had purchased the tokens about a month ago, realizing a profit of over $10 million. Wallet 0x648F sold 296,705 HYPE tokens, worth $26.72 million, approximately 8 hours ago. This wallet had purchased the tokens about 11 months ago, realizing a profit of $16.5 million. The two transactions combined sold 1,209,088 HYPE tokens, valued at $108.81 million, with a total profit exceeding $26.5 million.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
Previous: Binance Co-CEO Richard Teng stated that Binance's own hot wallet was compromised in the $6.3 billion hack, but customer funds were unaffected. The company has set aside over $6.34 billion to cover all losses and plans to release an initial proof of reserves on Monday.
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Next: Lookonchain: Binance buys back stolen assets as Ethena sends $24M in ENA to Binance
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