923,743 HYPES, VALUED AT ABOUT $53 MILLION, WERE TRANSFERRED TO THE EXCHANGE IN 11 HOURS

According to The Data Nerd monitoring, a whale address (0x90B38) with a large number of HYPE coins has been transferred to the exchange in the last 11 hours to approximately 923,743 HYPEs, valued at approximately $5.3 million. Of these, 692,807 HYPEs were transferred to Coinbase Prime, valued at approximately $39.77 million, and 230,936 HYPEs were transferred to FalconX, valued at approximately $13.26 million. The transfer was about two thirds of the HYPE hold. Currently, the wallet is still in possession of 969,595 HYPEs valued at approximately US$ 55.5 million. The analysis indicated that the operation was more like a continuous batch reduction than a panic sale. The address is not a one-time clean-up, but a gradual transfer of chips to the trading platform in the market, which may mean that the holder is in the process of orderly exit or asset allocation adjustments。