$HYPE Whale Deposits 60K HYPE and Begins Selling; Two TWAP Orders Still Active
A whale has deposited 60,000 HYPE and sold 31,560 HYPE, realizing $1.77 million in proceeds.
🔸 Two TWAP sell orders for HYPE are currently in progress, including a 40,000 HYPE order (valued at $2.1 million) with approximately 15 hours remaining.
🔸 The whale also transferred about 1.67 million USDC to another exchange.
👉 This combination of TWAP selling and USDC transfers to an exchange could signal profit-taking or asset reallocation. With 40K HYPE (~$2.1M) still scheduled for sale, selling pressure may persist over the next 15 hours. However, this is not a massive position and could simply be a routine trade by an investor.
💬 Do you think this move will put pressure on the HYPE price in the short term?
News is for reference, not investment advice. Please read carefully before making a decision.
A whale has deposited 60,000 HYPE and sold 31,560 HYPE, realizing $1.77 million in proceeds.
🔸 Two TWAP sell orders for HYPE are currently in progress, including a 40,000 HYPE order (valued at $2.1 million) with approximately 15 hours remaining.
🔸 The whale also transferred about 1.67 million USDC to another exchange.
👉 This combination of TWAP selling and USDC transfers to an exchange could signal profit-taking or asset reallocation. With 40K HYPE (~$2.1M) still scheduled for sale, selling pressure may persist over the next 15 hours. However, this is not a massive position and could simply be a routine trade by an investor.
💬 Do you think this move will put pressure on the HYPE price in the short term?
News is for reference, not investment advice. Please read carefully before making a decision.