finance
Wallet Sells All ETH at a Loss and Buys HYPE Tokens
@lookonchain reported that wallet 0xEe0A sold 3,065 ETH two weeks ago and purchased 100,392 HYPE tokens over the next two days. The wallet now holds 497,212 HYPE tokens valued at $30.93 million.
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Wallet 0xEe0A sold its entire holding of 3,065 ETH for $5.92 million two weeks ago, realizing a loss of $380,000, @lookonchain reported. Over the two days that followed, the wallet bought 100,392 HYPE tokens for $6.69 million. It now holds 497,212 HYPE tokens valued at $30.93 million and shows an unrealized profit of $8 million on the position.
@lookonchain reported the sequence as a rotation from ETH into HYPE.
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CorroborationModerate · 1 source
