HYPE's early hoarding of coins and continuous shipment of giant whales have achieved a profit of over 109 million US dollars

According to on chain data, Giant Whale/Institution, which pledged 2.886 million HYPE tokens at an average price of approximately $1979 at the beginning of last year, has been continuously transferring their tokens recently. This morning, the address once again transferred 923700 HYPEs (approximately $53.03 million) to Coinbase Prime and FalconX. As of now, it has cumulatively transferred 1.956 million HYPEs (approximately 110 million US dollars), with a comprehensive profit exceeding 109 million US dollars. There are still about 969000 HYPE (approximately 55.73 million US dollars) remaining in the address. After redeeming all 2.886 million HYPEs from the pledge at the end of July, the giant whale began to transfer them to institutional custody channels in batches, showing a clear intention to take profits. Mainstream interpretation: The early low-cost hoarding of HYPE by the giant whale has achieved a floating profit of over $100 million and continues to cash in, indicating its strong willingness to take profits at the current price. Large scale transfers to Coinbase Prime and FalconX are often seen as signals of potential further selling or reallocation in the future. In the short term, it is necessary to pay attention to whether HYPE is under pressure due to continuous shipments, while also monitoring the movements of the remaining nearly ten million US dollars in positions. Whale address: 0x90B38C5728f184C87EF46479cf7B402d7B98B98a AiCoin User Exclusive: Welfare: Coinbase offers up to $50 free Link: https://jump.do/xlink?checkProxy=true&proxyId=25 Risk Warning: The above content is based on publicly available on chain data and is for reference only. It does not constitute any investment advice. The market is risky, and investment needs to be cautious.