Whale Unstakes 2M HYPE After 9 Months – $89.8M Profit On The Line

Hype has been one of the standout performers in the crypto market this year, sustaining a powerful uptrend since ￰0￱ relentless momentum has drawn the attention of both retail traders and institutions, with many analysts arguing that the token still has room to run as the broader market heats ￰1￱ narrative around Hype has been fueled by strong speculative interest and its growing presence in high-volume trading activity, which has made it a favorite among momentum-driven ￰2￱ Reading: Bitcoin Consolidates Above $115K As Market Eyes Fed’s Sept 17 Policy Move However, questions are starting to surface about whether Hype’s rally is ￰3￱ analysts warn that momentum may be weakening, signaling that a correction phase could be ￰4￱ from Lookonchain underscores this concern: a whale who bought and staked 2 million HYPE—at an average entry price of $8.68 nine months ago—has now unstaked the ￰5￱ the tokens freshly unlocked, speculation is growing that this whale could take profits ￰6￱ this move sparks broader selling pressure or the market absorbs it will be critical for Hype’s next ￰7￱ Whale Unstakes $107M As Market Awaits Next Move Hype has been one of the most talked-about assets in crypto this year, climbing over 500% in value since April and cementing itself as a market leader in speculative momentum.

Now, a major development involving one of its largest holders is capturing ￰8￱ to Lookonchain, a whale who entered the market nine months ago with a massive position has just unstaked tokens worth over $107 million, raising speculation about potential profit-taking in the weeks ￰9￱ data reveals that nine months ago, this whale deposited $17.4 million in USDC into Hyperliquid through three ￰10￱ there, he accumulated 2 million HYPE at an average of $8.68, before distributing the tokens across nine wallets for ￰11￱ accumulation has proven to be extraordinarily ￰12￱ seven days ago, the whale applied to unstake the position, and 21 hours ago, the tokens were received back in ￰13￱ Hype’s current valuation, the stash is worth $107.2 million, translating into a staggering $89.8 million profit in less than a ￰14￱ event comes at a pivotal time for ￰15￱ the token’s explosive rally has kept momentum traders engaged, the size of the whale’s gains points to the likelihood of ￰16￱ the broader market can absorb such selling pressure or if it sparks a deeper correction will determine if Hype’s bull run can extend—or if a consolidation phase is ￰17￱ Reading: Bitcoin Spot Trading Volumes Declines To $322B: Market Shifts To HODL Mode Uptrend Faces First Signs of Cooling HYPE has been one of the strongest performers in the market since April, with its chart showing a consistent series of higher highs and higher ￰18￱ of now, the token trades at $52.57, down 2.69% on the day, signaling a modest pullback after a sharp run that recently pushed the price above $56.

Despite this decline, the overall structure remains bullish, with price action still well above key moving ￰19￱ 50-day moving average ($45.48) and 100-day moving average ($43.38) are trending higher, providing dynamic support zones that could absorb selling pressure if momentum cools further. Meanwhile, the 200-day moving average ($32.02) remains far below current levels, highlighting the scale of HYPE’s appreciation in recent ￰20￱ Reading: Three Whales Buy $205M Ethereum From FalconX: Institutional Flows Accelerate This correction appears to be a natural cooling phase within an established uptrend, especially after such aggressive ￰21￱ buyers defend the $50–$52 range, HYPE could consolidate before making another attempt at reclaiming the $55–$56 zone.

A decisive break above $56 would likely set the stage for further upside ￰22￱ image from Dall-E, chart from TradingView