Whale, Considered One of the Best Traders of His Era, Dumped a Massive Amount of an Altcoin Today

One of the most notable transactions in the cryptocurrency market came from High Stakes Capital, dubbed “the best trader of the FTX era.”

The trader’s large sell order, executed within the last two hours, has become the focus of market participants.

According to on-chain data, High Stakes Capital sold a total of 300,000 HYPE tokens in approximately two hours. These sales, conducted at an average price of $38.17, generated a total value of $11.45 million.

However, it appears the trader still holds a significant amount of HYPE in their portfolio. According to current data, High Stakes Capital continues to hold approximately 302,421 HYPE tokens. The current market value of these assets is around $11.54 million, while the trader’s total unrealized profit is reported to be over $33.2 million.

Related News: Trading Volume Explodes for 15 Altcoins in South Korea - One Altcoin Is Poised to Challenge XRP’s Dominance

High Stakes Capital, known for its high-risk transactions in the cryptocurrency world, had particularly attracted attention with its performance during the FTX era. Frequently ranking at the top of PNL (profit/loss) lists during that period, the trader was considered one of the successful names among independent investors.

After a period of silence following the collapse of FTX, High Stakes Capital made a strong comeback to the market by becoming active again on platforms such as Bybit and Hyperliquid.

*This is not investment advice.

Continue Reading: Whale, Considered One of the Best Traders of His Era, Dumped a Massive Amount of an Altcoin Today