🚨 Still dumping! An entity linked to a16z moved $12.63 million worth of $HYPE in just 16 hours!
HYPE holders, you really need to be careful—the institutional sell-off hasn’t stopped!
According to the latest on-chain data, over the past 16 hours, the entity deposited a total of 148,145 HYPE to major exchanges, at $85.26 each.
As the largest external entity holding HYPE, they have transferred a total of 233,000 HYPE (over $20.6 million) to exchanges since October 30!
If they sell all these tokens at the average price, they’ll make a direct profit of $1.141 million. With low-cost tokens constantly being dumped onto exchanges like this, who can withstand this kind of selling pressure? How much longer do you think HYPE will keep falling?👇
$HYPE #HYPE #WhaleMovements
HYPE holders, you really need to be careful—the institutional sell-off hasn’t stopped!
According to the latest on-chain data, over the past 16 hours, the entity deposited a total of 148,145 HYPE to major exchanges, at $85.26 each.
As the largest external entity holding HYPE, they have transferred a total of 233,000 HYPE (over $20.6 million) to exchanges since October 30!
If they sell all these tokens at the average price, they’ll make a direct profit of $1.141 million. With low-cost tokens constantly being dumped onto exchanges like this, who can withstand this kind of selling pressure? How much longer do you think HYPE will keep falling?👇
$HYPE #HYPE #WhaleMovements
