HYPE Whale Deposits $11.77M on Kraken After 26x Gains
The sale follows a reported 26x return, while the whale still holds 140,506 HYPE worth $12.2M.
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The sale follows a reported 26x return, while the whale still holds 140,506 HYPE worth $12.2M.
The sale locks in more than $27M in profit and puts a sizable ZEC position into the market, adding a notable test for buyers.
The $18.04M ETF inflow was only 0.44% of 24-hour spot volume, leaving profit-taking and exchange deposits as the stronger forces behind XRP's retreat.
Profit-taking is rising, but the scale still resembles late 2023 rather than the distribution seen at major market tops.
The flip above 1.0 without a flood of supply means the most reactive cohort is no longer the source of marginal sell-side pressure, shifting weight to ETF flows, macro liquidity, and longer-term…
Two wallets tied to the same holder reactivated and moved $86.93M in ETH onto Bitfinex, pocketing a $20.48M paper gain — a classic deposit-before-sell signal.
Consistent daily sell pressure from a single large holder signals profit-taking at scale, a pattern that historically weighs on token price until the selling program exhausts itself.
The two seller cohorts in that $47B band (recent buyers near $71K and LTHs at $83K-$86K) sit in the path of any breakout. ETF outflows just made it the first live demand test since the rally began.
Profit-taking has not broken the broader setup: eight of CryptoQuant’s 10 indicators are bullish, while spot and futures demand expand together.
Ark shed exposure across three crypto-linked names on a red day, but the $14.5M SpaceX buy on the same session shows the rotation was sector-specific, not a broad risk-off call.
The 606,091 HYPE position was bought near $30 five months ago and is now worth $36.5M, with Multicoin already depositing most of it for sale while staking out the rest.
The 12-year holding turned a $1.66M cost basis into $434M in profit, crystallizing a 262x return and a major long-term-holder exit.
A single wallet turned 1.6 ETH into 1,527 ETH on a memecoin exit, the kind of outlier return that defines memecoin rotation rather than rewards it.
The wallet last moved BTC at roughly $12 a coin; seven years of patient holding, now a transfer to a venue synonymous with sale-ready positioning.
The wallet acquired the stash at $6,513 per BTC in 2018 and hadn't touched it since, making this one of the larger long-dormant profit-taking events of the cycle.
Four dormant wallets sold 33,623 ETH at ~$1,560, realizing roughly $27.4M after watching unrealized gains peak above $150M across two cycles without selling a coin.
The wallets bought at ~$830 in 2017 and watched profits top $150M without selling; capitulating now at less than a fifth of that unrealized peak is a striking behavioral data point for cycle analysis.
XRP briefly broke above the long-standing $1.20 ceiling that had capped rallies for weeks, climbing as much as 10% and…
The headline is the exit at $67 — a third below his $150 target — but the real read is Thielen's valuation flag: HYPE traded at 25x projected fee revenue near the highs, with a June token unlock…
Arthur Hayes, the co-founder of BitMEX and one of crypto's most-followed macro traders, sold 247,334 HYPE tokens worth…