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October 31, 2026 12:52 am
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An address believed to be tied to a whale or institutional investor transferred 912,383 HYPE, worth about $82.09 million, to institutional crypto trading platform FalconX about two hours ago, onchain analyst EmberCN said. EmberCN said the holdings were likely accumulated one to two months ago through Coinbase Prime and FalconX at an average price of $81. With HYPE trading at about $90 at the time of the transfer, the position would generate an estimated profit of about $8.03 million if fully sold at that price.