HYPE whale makes a move, the market may experience short-term volatility

On-chain data shows that a HYPE whale recently unpledged 150,000 HYPE tokens, worth approximately $6.52 million, and placed an order to sell 100,000 HYPE tokens, about $4.35 million.

Despite this, the whale still holds 354,303 HYPE tokens (around $15.42 million) and continues to stake, indicating they are maintaining a certain position while also cashing out some profits at the right time.

This operation reflects more than just fund reallocation; it demonstrates precise control over market sentiment. The whale is not rushing to sell all at once but is gradually releasing liquidity to test market reactions.

In the short term, this could put some selling pressure on HYPE, but in the long run, the whale’s holding behavior also provides support for future price movements.

(When whales perform this kind of “sell and hold” operation, the underlying fund intentions are often not to be ignored.)