Whales Cash Out Millions in PUMP, HYPE, and Ethereum
Large token holders are once again moving the markets, with on-chain data showing heavy sales across several popular assets.
According to Lookonchain, one whale that poured $10 million into PUMP has begun cashing out, locking in sizable gains. The address transferred 250 million PUMP-worth about $1.53 million – to Binance earlier in the day while still retaining 2.25 billion tokens, valued near $13.6 million. Overall, the trade has already produced more than $5 million in profit.
The selling trend isn’t limited to PUMP. A wave of activity has also been recorded in the HYPE market. Over the past few days, multiple large holders have exited positions: one address alone offloaded nearly $10.6 million worth of HYPE in just four hours, while others collectively sold more than $18 million across the week at average prices around $55 per token.
Ethereum whales are also realizing profits. A long-term holder who began accumulating ETH three years ago liquidated 25,755 coins worth $117 million in a single transaction.
Records show the address acquired more than 44,000 ETH at an average of $2,411 and later deposited over 45,000 ETH at $3,668, leaving it with about 3,300 ETH still in reserve. The realized gains from these moves now total roughly $73 million.
The scale of these transactions highlights how concentrated positions continue to influence market sentiment across newer tokens like PUMP and HYPE, as well as established assets such as Ethereum. Analysts note that whale sales often trigger follow-on volatility, with retail investors watching closely for signals of broader market direction.
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Alexander Zdravkov is a market analyst and crypto journalist with interests in economics, broader financial markets and digital assets. His journey into crypto began more than four years ago, driven by a fascination with the rapid evolution of blockchain technology and the transformative potential of decentralized finance. He began analyzing market cycles and identifying emerging trends before they reach the mainstream. He holds a degree in International Relations - a background that helped shape his broader perspective on global economics, geopolitics, and the interconnected nature of modern financial markets. Whether covering the latest developments in the crypto sector or exploring broader macroeconomic themes, Alexander focuses on giving readers context rather than simply repeating headlines. During his career, he has authored more than 10,000 articles covering cryptocurrencies, traditional finance, and global market developments. His work spans everything from Bitcoin and altcoins to macroeconomic trends influencing risk assets worldwide.
