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Whale Hype Sea Battle
A new address (0x9C4) withdrew about 180k HYPE (~$13 million) from Coinbase and immediately placed them in long-term staking, while another whale (0x913) exchanged about 239k HYPE for $16.3 million, making a profit of $1.3 million but leaving a modest stake of 10k.
This division signals a classic demand and supply duel: new staking inflows reduce blockchain scarcity, while aggressive profit-taking injects fresh liquidity into the market.
Bulls are betting on staking: locked HYPE reduces circulating supply, pushing the price up, especially if BTC and ETH maintain an upward trend, which often boosts sentiment.
$HYPE