Breakdown of Whale's Strategy
According to data monitored by Lookonchain, the whale acquired 295,917 HYPE tokens at an average price of $8.74 per token, investing a total of $2.58 million. The whale then decided to stake these tokens to maximize returns.
Profit Execution
Eventually, the whale unstaked and sold the entire position for $7.51 million, realizing a profit of $4.92 million. At the peak of its holdings, the unrealized gains exceeded $15 million.
Market Insights
- Large crypto investors often generate significant returns through strategic moves.
- Staking can be a powerful tool for increasing investment yields.
- Tracking market trends helps identify timely investment opportunities.