TechFlow, September 16 — According to on-chain analytics platform Lookonchain (@lookonchain), a whale purchased and staked 2 million HYPE tokens nine months ago at an average price of $8.68 (costing $17.4 million at the time, now worth $107.2 million). The position has now been unstaked, likely indicating plans to cash out profits.
Nine months ago, the whale used three wallets to deposit 17.4 million USDC into Hyperliquid, bought 2 million HYPE tokens, and then distributed them across nine wallets for staking.
The whale submitted an unstaking request seven days ago and received the tokens 21 hours ago. After holding for nine months, the current unrealized profit stands at $89.8 million.
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