09:52 A report says a whale transferred 512,000 HYPE slated for redemption to FalconX. If sold, the whale would make a $16.36 million profit.
The news looks bearish on the surface. We’ll have to wait and see how much impact it has on price action—the market will provide the answer. Let’s wait for the official next steps; a clear timeline will make it easier to track.
$HYPE is now at 75.12, down 3.25% over 24 hours. There’s been plenty of news today, and this is one worth keeping an eye on.