Whale Alert: Is a Massive $HYPE Exit Underway? 🚨
This whale didn’t waste any time. A major player (Wallet 0xffe6...0a52) just executed a high-speed exit strategy that has the community talking. 📉
In a series of rapid-fire moves, the whale unstaked a massive 665,035 $HYPE (valued at approximately $14.2M) and pushed it straight into Bybit. But the funds didn't stay there for long.
The Paper Trail 🕵️♂️
The assets were quickly pulled out of the exchange and moved to a secondary wallet (0x471b...8089) before being liquidated.
Here’s the breakdown of the sell-off:
Total Amount: 665,035 HYPE
Total Value: ~$14.14M USDC
Average Sell Price: $21.27 per token
Panic or Strategy? 🤔
While some are calling this "panic selling" due to recent market volatility, the precision of the move—unstaking, routing through an exchange, and immediate liquidation—suggests a carefully planned exit.
Whether this whale is de-risking or simply rotating capital into other assets like $XAUT (Gold) or
$ETH , a $14M dump is a significant signal for the HYPE ecosystem.
Wallet Address: 0xffe664491482ae9db6ba9e55c2ed1ea55c700a52
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