Over the past 16 hours, the HYPE whale sold another 708K HYPE ($29.8M) and rotated into 272.94 BTC ($29.75M).

https://hypurrscan.io/address/0xe3f41398c4b12305230930117d24a68a2c140369

https://hypurrscan.io/address/0x2918f0e47488ea0e93751cd1d3ea26245eba8e3b

https://hypurrscan.io/address/0x6afdf29ed6b63769d8433a95da68150868a7e523

In total, he has sold 3.64M HYPE ($154M) and still holds 1.73M HYPE ($73M), meaning he has offloaded about 65.9% of his stack so far. (All values are based on current prices, so his actual USDC proceeds are likely higher since his average sell price was above the current level.)