#HYPE The whale has been steadily unstaking and transferring funds to the Kraken exchange over the past day or two.

Looking back, this address entered the market about two years ago, buying 257,928 HYPE at a cost of $3.5 each, for a total cost of roughly $900,000.

Here’s what it’s been doing over the past two weeks:

- 15 days ago: Unlocked 30,000 HYPE and immediately transferred them to Kraken, worth $2.64 million
- 8 days ago: Unstaked about 51,421 HYPE and transferred them to Kraken, worth $4.78 million
- 6 days ago: Unstaked another 50,000 HYPE, worth about $4.36 million
- 1 day ago: Unlocked 30,229 HYPE and transferred them to Kraken, worth $2.55 million
- 7 hours ago: Unstaked another 100,276 HYPE and sent them to Kraken, worth $8.17 million

Over the past two weeks, the address has unlocked a total of 261,900 HYPE, worth around $22.5 million. Of that, 211,900 HYPE has already been sent to Kraken.

Even so, the address still has 820,000 HYPE locked in staking.