A whale deposited 88,000 HYPE onto Coinbase, expecting a profit of approximately $1.538 million.
According to on-chain analyst Ai Yi (@ai_9684xtpa), address 0x008…E295f accumulated 280,000 HYPE between June 11 and August 13 at an average price of approximately $64.5, with a total cost of around $18.06 million. Four hours ago, the address made its first deposit of 88,216 HYPE (approximately $7.23 million) to Coinbase. Selling at this point would yield a return of roughly 27%, resulting in an estimated profit of $1.538 million. The address currently retains approximately 190,000 HYPE that have not yet been moved.
