PANews reported on June 5 that according to monitoring by on-chain analyst Yu Jin, the giant whale qianbaidu.eth recently began to sell for profit after spending $13.4 million to buy 420,000 HYPE at an average price of $31.9.

Currently, 235,000 HYPEs (US$8.7 million) have been sold at an average price of US$37, realizing a profit of US$1.2 million, and the remaining 185,000 HYPEs (US$6.55 million) have not yet been sold.