Whale stakes 488,599 HYPE as unrealized profit reaches $23.7 million

  • The whale staked its entire 488,599 HYPE holding, Lookonchain reported.
  • $23.7 million is the whale's reported unrealized profit after buying at an average $35.
  • HYPE traded at $84.05, up 5.15%, when CoinMarketCap reported the price.

An anonymous whale address staked its entire 488,599 HYPE holding, according to Lookonchain. The whale acquired the tokens five months ago at an average price of $35 and now has an unrealized profit of $23.7 million. HYPE was trading at $84.05, up 5.15%, when the figures were reported by CoinMarketCap. An earlier monitoring report described the position as 488,600 HYPE bought from FalconX for about $17.18 million and valued at approximately $41.09 million, with a $23.91 million unrealized profit and a 139% return.

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