HYPE Whale Exits with $132M Profit, Locks in 228% Return

A significant HYPE whale has completed its exit strategy, locking in a substantial profit. The address accumulated its position early last year near $19.8 and distributed over the past month near $64.9 average, resulting in a 228 percent return.

The whale unstaked 2.886 million tokens at the end of July and moved the remaining 969,000 tokens valued at $79.18 million into Coinbase Prime and FalconX.

The token currently holds above its EMA50 support at $81.13 but faces fading momentum as indicated by a MACD death cross at -0.17.