Andrew Tate just sent $1.87 million worth of $HYPE to Binance—do you understand what this means?
According to Lookonchain monitoring, Andrew Tate (@Cobratate) deposited 20,950 $HYPE into Binance today, worth about $1.87 million.
Here’s the key point—he bought 122,827 $HYPE at the $4.48 level two years ago, spending only about $550,000 at the time.
Now he still holds 63,550 $HYPE , worth $5.62 million.
Totaling it all, he’s already made $7.24 million on $HYPE , a return of 1317%.
Many people see “depositing to an exchange” and think it’s a sell-off signal right away, but don’t forget: his cost basis is $4.48, and he’s still holding more than 60,000 coins. For someone who has earned 13x and hasn’t exited yet, transferring 20,000 coins to an exchange— is that taking some profit, or is he planning to add more?
I’m more inclined to think he doesn’t intend to leave. If he really wanted to run, wouldn’t it have been better to sell when it was already over $4 two years ago? Why wait until it’s risen to more than 90 before running?
At the $HYPE level, the chips are in the hands of strong players—don’t get scared off by a single deposit record.
Bullish.
According to Lookonchain monitoring, Andrew Tate (@Cobratate) deposited 20,950 $HYPE into Binance today, worth about $1.87 million.
Here’s the key point—he bought 122,827 $HYPE at the $4.48 level two years ago, spending only about $550,000 at the time.
Now he still holds 63,550 $HYPE , worth $5.62 million.
Totaling it all, he’s already made $7.24 million on $HYPE , a return of 1317%.
Many people see “depositing to an exchange” and think it’s a sell-off signal right away, but don’t forget: his cost basis is $4.48, and he’s still holding more than 60,000 coins. For someone who has earned 13x and hasn’t exited yet, transferring 20,000 coins to an exchange— is that taking some profit, or is he planning to add more?
I’m more inclined to think he doesn’t intend to leave. If he really wanted to run, wouldn’t it have been better to sell when it was already over $4 two years ago? Why wait until it’s risen to more than 90 before running?
At the $HYPE level, the chips are in the hands of strong players—don’t get scared off by a single deposit record.
Bullish.
