FalconX transferred 350,000 HYPE to Coinbase in three days, worth approximately $30.57 million.
PANews cited Onchain Lens data, reporting that the latest transfer was 50,000 HYPE, worth about $4.2 million. This brings the total transferred over the past three days to 350,000 HYPE.
· These figures cover only on-chain transfers to Coinbase; the receiving address is used by Coinbase.
· The source does not specify the purpose of the transfer, so it cannot be determined whether this was a sell-off or a custody migration.
Would you first look for a corresponding outflow afterward, or for changes in HYPE’s exchange balances?
$HYPE
PANews cited Onchain Lens data, reporting that the latest transfer was 50,000 HYPE, worth about $4.2 million. This brings the total transferred over the past three days to 350,000 HYPE.
· These figures cover only on-chain transfers to Coinbase; the receiving address is used by Coinbase.
· The source does not specify the purpose of the transfer, so it cannot be determined whether this was a sell-off or a custody migration.
Would you first look for a corresponding outflow afterward, or for changes in HYPE’s exchange balances?
$HYPE
