A Whale Moved the Same Altcoin to Exchanges Every Day: What Is the Reason Behind the Two-Week Activity?

According to Lookonchain, a HYPE whale at address 0xEe0A has been selling for profit every day for two weeks.

Lookonchain reported that 232,610 HYPE was deposited into Bybit and Gate during this period. The total value of this amount was cited as $19.67 million in the source.

HYPE Transfers Continued for Two Weeks

On-chain movements show repeated transfers to Bybit and Gate addresses on different days. In the last 13 hours, 21,600 HYPE was transferred to Gate and 16,800 HYPE to Bybit, while 18,000 and 14,000 HYPE were sent to these platforms, respectively, a day earlier.

Transfers in the following days ranged between approximately 9,000 and 15,000 HYPE. The dollar equivalents of the individual transactions shown in the image range between approximately $747,000 and $1.8 million.