One wallet bought 180,000 HYPE tokens and used them for staking, while another wallet sold 239,000 tokens, making a profit of $1.3 million.

CoinFeed reported on June 2nd that, according to Onchain Lens monitoring, some whales or institutions are buying HYPE, while others are selling. A newly created wallet, "0x9C4," withdrew 180,000 HYPE (US$13.18 million) from Coinbase and sent it for staking. Wallet "0x913" sold 238,811 HYPE, earning US$16.3 million, a profit of US$1.3 million, and still has 10,000 HYPE staked.