HYPE Whale Starts to Cash Out, Over $20 Million in Spot Sales Ongoing

BlockBeats News, August 31. According to TradingBeats (formerly Hyperinsight), the whale with the address starting with 0x0a84, known as HYPE Spot Whale, has started a continuous sell-off today. From 9:49 to 13:49 Beijing time, they sold a total of 11,113 HYPE tokens, with a transaction volume of approximately $893,200 and an average price of around $80.37 per token.

Within the next half hour, the same address sold another 1,588.95 HYPE tokens, with a transaction worth about $128,400. The latest sell order occurred at 13:49, and afterwards, they still have a sell order of 26.14 HYPE tokens at $81.055 each. The selling pressure has not completely stopped. The total profit from the above sell-offs is approximately $429,700, with a fee of around $221.

As of the time of writing, the address still holds 247,555.22 HYPE tokens, valued at around $20.059 million, with the remaining token amount about 22 times the total sell-off in the past 4 hours.

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