A whale sold over 110,000 HYPE tokens, cashing out approximately $4.06 million.

On March 31, according to Onchain Lens, an address sold 110,498 HYPE tokens, realizing approximately 4.06 million USDC, at an average price of about $36.74. On-chain data shows that this address initially purchased 107,746 HYPE tokens for approximately $2.45 million and staked them, holding them for about 1.2 years before closing out the entire position. This transaction resulted in a profit of approximately $1.608 million.