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Andrew Tate Deposits $1.87M in HYPE to Binance, Total HYPE Profit Hits $7.24M

Andrew Tate deposited 20,950 HYPE worth $1.87 million to Binance on October 3, on-chain tracker Lookonchain reported. He bought 122,827 HYPE about two years ago at an average price of $4.48, then worth $550,000, and still holds 63,550 HYPE valued at $5.62 million. His total profit on HYPE stands at $7.24 million, a 1,317% return.

Original source

AI take

This is a notable example of a high-profile individual's on-chain activity drawing attention to HYPE's liquidity and price appreciation. The move matters less as a signal about Tate's views than as a reminder that large, publicly tracked wallets can influence sentiment around a token, especially when a position has already multiplied several times over. What's worth watching is whether the remaining holdings are similarly moved to exchanges, which would test how much supply the market can absorb without a meaningful price reaction.

Generated by AI for reference only.

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