HYPE Whale’s $902K Bet Grows to $23M as On-Chain Data Shows Staged Selling
Photo: ZyCrypto
A 2-year-old $HYPE whale is starting to realize massive gains, pocketing large profits in sizeable transactions. According to basic on-chain analysis, the investor is currently sitting on a 26x gain on the now-major cryptocurrency, becoming a trading legend in the process and showing that a buy-and-hold strategy can still work wonders over the riskier day-trading alternative. According to Lookonchain’s reporting, the whale began buying three and a half years ago using its HIP-2 system address. The transactions occurred in batches of 1,000-5,000 tokens until the total reached 257,928. The buying price for $HYPE tokens ranged from $ 3.39 to $3.72.
Source: ZyCrypto
