BlockBeats reported on Sept. 15 that a wallet tied to Bitwise’s BHYP ETF transferred 84,320 HYPE to Coinbase about six hours earlier, according to on-chain tracker Onchain Lens. The tokens were valued at roughly $6.71 million at the time of the transfer. The monitored transaction may indicate the assets are being positioned for a sale, though no completed sale was confirmed in the source. The update was categorized as whale activity and focused on the fund-linked wallet movement rather than broader market impact.
On Sept. 15, BlockBeats reported that a wallet linked to Bitwise’s BHYP ETF sent 84,320 HYPE to Coinbase about six hours earlier, citing monitoring by Onchain Lens.
The transfer was valued at about $6.71 million. According to the source, the move may have been made in preparation for a sale.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
