According to EmberCN, whale investor qianbaidu.eth recently sold 235,000 HYPE tokens at an average price of $37, realizing a profit of $1.2 million after initially acquiring 420,000 HYPE at $31.9 per token for a total investment of $13.4 million. The address still holds 185,000 HYPE tokens worth approximately $6.55 million, suggesting potential for further price impact depending on future sales. This significant profit-taking action indicates active liquidity and may cause short-term volatility for HYPE traders. On-chain data is available for verification at hypurrscan.io (source: EmberCN on Twitter, June 5, 2025).