#山寨币季节即将来临？ Recently came across an interesting on-chain signal and wanted to share some observations about HYPE with everyone.
Here's what happened — a massive address cluster has been unstaking HYPE on a large scale recently. Data shows they've already sold off 600,000 coins (worth approximately $1.6 million at the time), and now they've released another 1 million. It looks like they're continuing to dump. The fund flows from these addresses have some peculiarities, involving privacy mixing tools, suggesting the dumping operation might be more cautious. Tracing back the timeline, these whales accumulated chips at low prices within three weeks after the Hyperliquid genesis event, and are now cashing out immediately after unlocking — the intent to realize profits is very clear.
From a market performance perspective, HYPE is currently quoted at $26.669, with a 24-hour gain of 1.16%, which looks quite stable. But don't be fooled by this gain — consecutive whale selling typically brings substantial selling pressure, especially with a position of 4.36 million coins still in hand. This selling pressure is indeed not to be underestimated. In the short term, this type of on-chain movement often amplifies market volatility, and related ecosystem coins tend to follow suit and adjust.
From several angles, HYPE may face pullback pressure over the next one or two weeks, with target levels around $25. However, it also depends on the pace of selling — if the pace slows down, the market might experience a rebound and recovery, but based on current signals, this probability doesn't seem very high. The overall crypto market has been quite volatile recently, and this kind of whale action could potentially amplify risks further.
That said, adjustments often also mean opportunities. If the project's fundamentals are sound, a lower position might actually be a good time to accumulate. The key is still to keep a close eye on subsequent on-chain data performance and not be misled by short-term gains. $ETH
I notice this text is already in Chinese (Simplified). According to the instructions, I should return it exactly the same unchanged.
大鲸出货这一套我见多了，混币工具一用就知道想藏着掖着呢
真的假的，436万枚这个体量要是全砸下来，26块还能站得住？
我赌5块钱下周这币见25的时候得有人接盘，不然就直接去一字板了
别光看链上数据啦，这种时候就得反向操作啦，低位囤着，等他们出完货再说
等等，HYPE这个项目本身靠谱不...感觉热度也没那么高啊
#山寨币季节即将来临？ Recently came across an interesting on-chain signal and wanted to share some observations about HYPE with everyone.
Here's what happened — a massive address cluster has been unstaking HYPE on a large scale recently. Data shows they've already sold off 600,000 coins (worth approximately $1.6 million at the time), and now they've released another 1 million. It looks like they're continuing to dump. The fund flows from these addresses have some peculiarities, involving privacy mixing tools, suggesting the dumping operation might be more cautious. Tracing back the timeline, these whales accumulated chips at low prices within three weeks after the Hyperliquid genesis event, and are now cashing out immediately after unlocking — the intent to realize profits is very clear.
From a market performance perspective, HYPE is currently quoted at $26.669, with a 24-hour gain of 1.16%, which looks quite stable. But don't be fooled by this gain — consecutive whale selling typically brings substantial selling pressure, especially with a position of 4.36 million coins still in hand. This selling pressure is indeed not to be underestimated. In the short term, this type of on-chain movement often amplifies market volatility, and related ecosystem coins tend to follow suit and adjust.
From several angles, HYPE may face pullback pressure over the next one or two weeks, with target levels around $25. However, it also depends on the pace of selling — if the pace slows down, the market might experience a rebound and recovery, but based on current signals, this probability doesn't seem very high. The overall crypto market has been quite volatile recently, and this kind of whale action could potentially amplify risks further.
That said, adjustments often also mean opportunities. If the project's fundamentals are sound, a lower position might actually be a good time to accumulate. The key is still to keep a close eye on subsequent on-chain data performance and not be misled by short-term gains. $ETH