Wallet 0x008…E295f withdrew $1.03 million of HYPE from Coinbase about an hour ago, extending cumulative withdrawals of 240,000 tokens worth $15.88 million since June 11 at an average price of $66.17.
Wallet 0x008…E295f, described as a whale, withdrew 20,000 HYPE worth $1.03 million from Coinbase about one hour ago, according to analyst Ai, who said the purchase came after a two-week gap and was aimed at lowering the wallet's average cost. Since June 11, the address has cumulatively withdrawn 240,000 HYPE worth $15.88 million at an average price of $66.17. The position is currently showing an unrealized loss of $3.53 million, indicating the holder remains underwater despite continuing to accumulate.