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Whale Bought Despite Loss in the Altcoin Market of the Exchange, Determined the Price at Which It Will Sell! - Coin Bulletin
A large investor transferred 5 million dollars worth of USDC to the HyperLiquid platform and bought 406,888 HYPE at a price of 12.3 dollars.
According to the on-chain data and analysis platform Spot On Chain, a major investor transferred 5 million dollars worth of USDC and bought 406,888 HYPE on the decentralized leveraged cryptocurrency exchange HyperLiquid platform, while also placing an order to sell 170,234 HYPE at a price of 16 dollars.
With this transaction, the investor's HYPE assets reached 700,214.3 HYPE, amounting to approximately 8.68 million USD. However, the investor has experienced a loss of approximately 1.05 million USD ( around %10.80 after this purchase. At the same time, the investor has also placed orders to sell 170,234 HYPE at a price of 16 USD.
According to CoinGecko data, HYPE has fallen below the purchase made by the whale. Today, HYPE, which has lost 16.5% in value, is trading at $11.22 at the time of writing. HYPE is currently 68% below its all-time high of $35.