š A massive whale is preparing to sellā¦ Will $HYPE face downward pressure?
A whale released a 90.72K HYPE token collateral after four months of holding, worth around $7.59 million, and then sent it to a centralized exchange.
This move increases the likelihood of selling and taking profits, which could add pressure to the price if the amount is introduced to the market.
However, a deposit doesnāt necessarily mean the sale has already happenedāso the most important signals will be the whaleās wallet activity and trading volume over the coming hours.
Whale address:
0x01d734e9E7847248864c2c7bbab16C4D5E04A990
Will buyers absorb this amount, or will HYPE see a correction? š
#HYPE #Crypto #WhaleAlert
A whale released a 90.72K HYPE token collateral after four months of holding, worth around $7.59 million, and then sent it to a centralized exchange.
This move increases the likelihood of selling and taking profits, which could add pressure to the price if the amount is introduced to the market.
However, a deposit doesnāt necessarily mean the sale has already happenedāso the most important signals will be the whaleās wallet activity and trading volume over the coming hours.
Whale address:
0x01d734e9E7847248864c2c7bbab16C4D5E04A990
Will buyers absorb this amount, or will HYPE see a correction? š
#HYPE #Crypto #WhaleAlert
