Whale Cashes HYPE Chips But Stays at the Table, Because Why Leave a Winning Streak?

High Stakes Capital—the trader who basically printed money during the FTX casino days—just yeeted 300,000 $HYPE tokens in a two-hour liquidation session, pocketing a smooth $11.45M at an average exit price of $38.17. The move gave the memecoin's chart a little tremor, but before you start the "dead cat bounce" chorus, check the wallet. This degen still has a VIP bag of 302,421 $HYPE chilling on the sidelines, currently valued at a casual $11.54M. The paper profits left unrealized? A staggering $33.2M, or as it's known in crypto, "diamond hands tax deferment." This legend, famous for YOLO trades and topping the PNL leaderboards back when FTX was the cool kids' table, ghosted post-collapse. Now they're back, haunting Bybit and Hyperliquid like a profitable specter. The FTX era is dust, but the playbook remains: take some profit, rebalance the degen portfolio, and keep a massive stack of HYPE for the next round.