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.
