BlockBeats News, August 14th, according to EmberCN monitoring, the "Whale/Institution who redeemed 2.886 million HYPE from staking at the end of July" transferred 923,700 HYPE ($53.1 million) to Coinbase Prime and FalconX. This whale staked 2.886 million HYPE at the beginning of last year, with an average price of only about $19.79.

At the end of July, these HYPE tokens were redeemed from staking and started to be transferred to Coinbase Prime and FalconX. Currently, 1.956 million HYPE ($110 million) has been transferred out. The overall profit is $109 million, and there are still 969,000 HYPE ($55.73 million) in the address.