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August 19, 2026 11:12 pm
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Crypto prime brokerage FalconX deposited 198,750 HYPE worth $14 million to Gate, according to Onchain Lens. Exchange deposits are typically interpreted as a sign of selling intent. Multicoin Capital had previously also deposited HYPE to an exchange. Onchain Lens said several buyers that had accumulated HYPE through over-the-counter trades over the past few months now appear to be selling.