Start of a distribution wave on $HYPE coin: whales and investment funds begin depositing and taking profits on centralized platforms
Coin HYPE saw intense outflow activity in the last few hours after recording large deposit operations and profit-taking from major wallets and entities associated with investment funds
Details of on-chain movements
Wallet deposits: 0xc745
The wallet deposited 177,518 HYPE tokens worth a total of $16.08 million, distributed between the OKX and Bybit platforms, in preparation for selling
Taking profits by Hypersphere Ventures
A wallet associated with the investment fund Hypersphere Ventures sold 62,869 $HYPE tokens worth $5.78 million that had been purchased a month earlier, realizing net profits of $2.13 million
$HYPE
#hype
#elaouzi
Coin HYPE saw intense outflow activity in the last few hours after recording large deposit operations and profit-taking from major wallets and entities associated with investment funds
Details of on-chain movements
Wallet deposits: 0xc745
The wallet deposited 177,518 HYPE tokens worth a total of $16.08 million, distributed between the OKX and Bybit platforms, in preparation for selling
Taking profits by Hypersphere Ventures
A wallet associated with the investment fund Hypersphere Ventures sold 62,869 $HYPE tokens worth $5.78 million that had been purchased a month earlier, realizing net profits of $2.13 million
$HYPE
#hype
#elaouzi
