Whale Unloads $53M in HYPE Tokens Amid Successful Staking Strategy

An anonymous whale has transferred $53 million in HYPE tokens to Coinbase Prime and FalconX, marking the latest large transfer by the entity following a successful staking strategy.

The whale originally staked 2.886 million HYPE at an average price of $19.79 in early 2025 and unstaked those holdings in late July.

The estimated profit from these sales stands at approximately $109 million, indicating a near-total return on the initial investment.

The whale still holds 969,000 HYPE, valued at roughly $55.73 million, suggesting that further transfers may occur.