According to CoinMeta, a large holder with the account HYPE began to cash in today, selling a total of 11,113 units of HYPE, with a transaction volume of approximately $893,200 and an average transaction price of around $80.37. In the past half hour, this account sold another 1,588.95 units of HYPE for about $128,400. The most recent sale occurred at 13:49 Beijing time, and since then, a sell order for 26.14 units of HYPE at $81.055 per unit has been listed, indicating that the reduction of holdings has not yet completely stopped. The total profit from these sales amounts to about $429,700, with transaction fees totaling around $221. As of the time of publication, this account still holds 247,555.22 units of HYPE, valued at approximately $20.059 million, which is about 22 times the amount sold in these 4 hours.