Whale “qianbaidu.eth” Dumps 338,084 HYPE, Retains $5.89M in Staked Holdings

Blockchain analytics platform Onchain Lens reported that over the past 48 hours, whale wallet “qianbaidu.eth” has offloaded 338,084 HYPE tokens, generating roughly $13.4 million in USDC at an average price of $39.65.

However, the activity does not represent a full exit. The wallet still retains a staked position of 151,573 HYPE tokens, valued at approximately $5.89 million, indicating continued exposure despite the large-scale sell-off.

Source: Onchain Lens