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HYPE Giant whale, which has held $HYPE token for two years, has begun to cash in huge profits
A "Giant whale" investor who has held $HYPE token for two years is gradually realizing huge profits and earning considerable profits through large-scale transactions. According to basic on-chain data analysis, the mainstream cryptocurrency currently held by the investor has achieved a value increase of 26 times, becoming a legend in the trading world in the process. It also proves that in high-risk days, the "buy and hold" strategy can still work miracles.
Analyst firm Lookonchain reported on this successful investor: 
Photo source: X
According to Lookonchain, the giant whale started using its HIP-2 system address to make purchases three and a half years ago. Trading is conducted in batches of 1,000 to 5,000 tokens until the total open position reaches 257,928.$ The bid price range for HYPE tokens is $3.39 to $3.72. As of press time, the token was trading at approximately $85, slightly below the $90 valuation traded in previous weeks.
The giant whale paid approximately US$902,000 for all his holdings, and the current value has exceeded US$23 million, a 26-fold increase. The giant whale has been mostly dormant for the past two years, and only recently began to suddenly liquidate its positions. They deposited a large number of $HYPE tokens on the exchange in batches, with batches of 50,000, 51,421 and 30,000, respectively, and a smaller remaining amount.
Why did the giant whale choose to liquidate at this time?
$HYPE has performed strongly in the past few years, increasing as much as 26 times. Therefore, the primary holder's choice to sell all or part of his position is likely to be a simple profit-taking operation. Previously, as the crypto market experienced severe bear market conditions, the price of $HYPE once fell to a low of $52.
Now, the price of $HYPE has steadily recovered above $90, which seems to be the perfect time for holders to realize most of the gains. Even after earning a 26-fold gain, they still hold more than half of the tokens, which analysts believe shows strong investor confidence. Such major moves are still rare because investors often lose money rather than make money due to high entry points, scams or limited long-term holding power.
Chain analysts have not yet confirmed the identity of the mysterious giant whale, but only know of its recent activities. Since giant whales have deposited their tokens on a centralized exchange, they may want to convert them into other assets. This is a strategy commonly used by investors seeking asset swaps.
