Crypto Whale Cashes Out 2M HYPE After 9-Month Stake – $89.8M Windfall Awaits

Massive HYPE unstaking event sends ripples through DeFi markets as anonymous whale positions for nine-figure profit taking.

The Move That's Shaking Foundations

A single entity just unlocked 2 million HYPE tokens after nearly a year of staking—timing the market with surgical precision as prices hover near all-time highs. The move puts approximately $89.8 million in potential profits on the table, representing one of the largest single-position unlocks this quarter.

Market Mechanics in Play

Such large-scale unstaking events typically precede significant selling pressure, though seasoned traders note this whale's history of strategic entry and exit points. The nine-month lockup period suggests calculated patience rather than impulsive action—classic whale behavior that separates casino gamblers from calculated risk-takers.

Regulatory Shadows Loom

While decentralized purists celebrate such wins as validation of crypto's wealth-creation potential, traditional finance skeptics can't help but mutter about tax implications and the SEC's watchful eye—because nothing says 'financial revolution' like eventually cutting checks to the same old institutions.

Whether this triggers a cascade or merely represents smart profit-taking, one truth remains: in crypto, the house doesn't always win—but the whales usually do.

Hype Whale Unstakes $107M As Market Awaits Next Move

Hype has been one of the most talked-about assets in crypto this year, climbing over 500% in value since April and cementing itself as a market leader in speculative momentum. Now, a major development involving one of its largest holders is capturing attention. According to Lookonchain, a whale who entered the market nine months ago with a massive position has just unstaked tokens worth over $107 million, raising speculation about potential profit-taking in the weeks ahead.

The data reveals that nine months ago, this whale deposited $17.4 million in USDC into Hyperliquid through three wallets. From there, he accumulated 2 million HYPE at an average of $8.68, before distributing the tokens across nine wallets for staking. This accumulation has proven to be extraordinarily profitable. Just seven days ago, the whale applied to unstake the position, and 21 hours ago, the tokens were received back in full. With Hype’s current valuation, the stash is worth $107.2 million, translating into a staggering $89.8 million profit in less than a year.

This event comes at a pivotal time for Hype. While the token’s explosive rally has kept momentum traders engaged, the size of the whale’s gains points to the likelihood of profit-taking. Whether the broader market can absorb such selling pressure or if it sparks a deeper correction will determine if Hype’s bull run can extend—or if a consolidation phase is next.

Uptrend Faces First Signs of Cooling

HYPE has been one of the strongest performers in the market since April, with its chart showing a consistent series of higher highs and higher lows. As of now, the token trades at $52.57, down 2.69% on the day, signaling a modest pullback after a sharp run that recently pushed the price above $56. Despite this decline, the overall structure remains bullish, with price action still well above key moving averages.

The 50-day moving average ($45.48) and 100-day moving average ($43.38) are trending higher, providing dynamic support zones that could absorb selling pressure if momentum cools further. Meanwhile, the 200-day moving average ($32.02) remains far below current levels, highlighting the scale of HYPE’s appreciation in recent months.

This correction appears to be a natural cooling phase within an established uptrend, especially after such aggressive gains. If buyers defend the $50–$52 range, HYPE could consolidate before making another attempt at reclaiming the $55–$56 zone. A decisive break above $56 WOULD likely set the stage for further upside continuation.

Featured image from Dall-E, chart from TradingView