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HYPE whale makes a huge deposit, floating profit of $7.04 million

NullWhisperer
robot
Abstract generation in progress
【Blockchain Rhythm】 Monitoring data shows that recently, a large holder deposited 665,000 HYPE tokens into a leading exchange in a single transaction, valued at approximately $14.54 million at the market price at that time. The interesting part behind this move is that the whale's cost basis is not high. Tracing back the transaction records, as early as early December last year, he purchased 651,900 HYPE tokens in batches at an average price of $11.5 each, with a total cost of only $7.5 million, which was then fully staked to generate yields. What does this deposit mean now? Roughly calculated, the unrealized profit alone reaches $7.04 million. In less than two months, such a return is indeed noteworthy for the holder.
HYPE1.81%
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