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Address closes HYPE long position with about $21.7m in cumulative profit

NewsFeeds update

An address cut a HYPE long position by about $12.1m, leaving it with no exposure to the token, at an average closing price of about $87.64. Its futures account shows cumulative profit of about $21.7m.

AltcoinsOdailyAINeutral

Read the original on Odaily

The story so far: Whale HYPE wallet activity

A whale moved 912,383 HYPE worth about $82.1m to FalconX, bought via Coinbase Prime and FalconX one to two months earlier at about $81. Lookonchain now says address 0x2685 sold 912,383 HYPE worth $82.1m for over $10m profit, while address 0x648F sold 296,705 HYPE worth $26.7m for $16.5m profit.

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  1. Three new wallets linked to one whale stake 1.255m HYPE

  2. Lookonchain says three wallets likely tied to one whale deposited 494,300 HYPE on Coinbase

  3. Whale unstakes 387,000 HYPE and sends tokens to Coinbase, Onchain Lens says

  4. Whale sends 694,300 HYPE worth $53.3m to Coinbase in four days

  5. Whale sells 694,300 HYPE tokens worth $53.3m over five days

  6. Address with about $24.6m in cumulative profit opens $6.29m HYPE long

  7. Whale or institution moves 912,383 HYPE to FalconX, eyeing $8.03m profit

  8. Yu Jin says whale may have sold over 910,000 HYPE for $8.03m profit

  9. a16z-linked entity suspected of selling 118,000 HYPE, analyst says

  10. Whale unstakes 304,600 HYPE worth about $27.2m after three months

  11. Lookonchain says two whales sold over $100m of HYPE for more than $26m profit

  12. Address closes HYPE long position with about $21.7m in cumulative profit

  13. a16z-linked entity moves $15m of HYPE to exchanges over five days

  14. a16z-linked address sends another $2.67m of HYPE to exchanges

  15. a16z-linked entity moves 233,000 HYPE, analyst estimates $1.14m profit if sold

More Altcoins updates

  1. Whale swaps 1.44m TRX for about $460,000 in USDT on SunSwap

    AltcoinsPANewsAINeutral

  2. Binance restores HYPE and APT withdrawals

    AltcoinsChainCatcherAIBullish

  3. Abraxas Capital holds $452m Hyperliquid position, mostly short

    AltcoinsOdailyAIBearish

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Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.