Crypto Whale Exits with Nearly $140 Million Profit: Which Altcoin Did They Sell?

An unidentified whale has closed a massive position established a year ago by selling their remaining 969,595 HYPE for approximately $79.18 million.

This sale marked the closing of a HYPE position worth approximately $50 million. Lookonchain, which tracks on-chain transactions, reported that total profits reached approximately $140 million following these sales.

The whale’s remaining 969,595 HYPE was valued at approximately $79.18 million. According to the post, 770,120 of the tokens were sent to Coinbase Prime, while 199,475 were sent to FalconX. This sale constituted the final portion of the position.

HYPE Position Closed Within One Month

The whale’s story began about a year ago. At that time, approximately 2.89 million HYPE were withdrawn from Gate.io at an average price of $17.35. The tokens were subsequently staked and held locked for some time.

Lookonchain reported that all of these assets were gradually sold over the past month. The 969,595 HYPE in the final transaction was also sent to addresses labeled Coinbase Prime and FalconX.

The HYPE price is shown at the $81.60 level in the source images, with the token’s market capitalization at approximately $18.14 billion. The source reported that the initial position of approximately $50 million yielded about $140 million in profit following the sales.