HYPE whales start cashing out, with over $20 million in spot assets being sold continuously.

According to monitoring by TradingBeats (formerly Hyperinsight), a HYPE spot whale with an address starting with 0x0a84 has been continuously reducing its positions today. Between 9:49 and 13:49 Beijing time, it sold a total of 11,113 HYPE for approximately $893,200, at an average execution price of around $80.37. In the past half hour, the address sold an additional 1,588.95 HYPE, generating ~$128,400 in turnover. The latest sell occurred at 13:49, after which it still placed a spot sell order for 26.14 HYPE at $81.055, meaning the position reduction has not yet fully halted. The completed sales have yielded a total profit of ~$429,700, with fees of about $221. As of press time, the address still holds 247,555.22 HYPE, valued at roughly $20.059 million, and its remaining spot holdings are approximately 22 times the amount sold in this 4-hour period. Additionally, on-chain Perpetual (Perp) and address analysis tool TradingBeats is now live, supporting real-time viewing of Hyperliquid data, tracing whale operations from addresses, and providing in-depth analysis at a glance.