Profits of $109 million: A whale/institution has transferred out a total of 1.956 million HYPE and still holds 969,000 HYPE

Odaily News, according to on-chain analyst Ember's monitoring, half an hour ago, a whale/institution that redeemed 2.886 million HYPE from staking at the end of July transferred 923,700 HYPE to Coinbase Prime and FalconX, worth $53.03 million. The whale/institution staked 2.886 million HYPE at an average price of approximately $19.79 early last year. At the end of July, after these HYPE were redeemed from staking, they began to be transferred to Coinbase Prime and FalconX. So far, 1.956 million HYPE have been transferred out, worth approximately $110 million, with a total profit of $109 million. The address still holds 969,000 HYPE, worth $55.73 million.