NewsBTC
Sep 16, 2025
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Whale Unstakes 2M HYPE, Secures $89.8M Profit Potential

Key Developments in Hype's Market Activity

  • Hype has surged over 500% since April, driven by speculative interest and high trading volumes.
  • A whale, who bought 2 million HYPE at an average price of $8.68 nine months ago, has unstaked the tokens worth over $107 million.
  • This move raises speculation about potential profit-taking and its impact on the market.
  • The whale initially invested $17.4 million in USDC and has gained approximately $89.8 million in profit.

Market Conditions and Price Analysis

  • HYPE recently traded at $52.57, showing a 2.69% decline after peaking above $56.
  • The 50-day ($45.48) and 100-day ($43.38) moving averages offer dynamic support.
  • The 200-day moving average is significantly lower at $32.02, indicating substantial appreciation.
  • The correction phase may be a natural cooling within the uptrend; consolidation around $50–$52 could precede further gains.
  • A break above $56 might lead to additional upward momentum.

HYPE Whale Transactions | Source: Lookonchain

The unfolding events will determine if Hype can maintain its bullish trend or enter a consolidation phase.