Onchain Lens said FalconX moved 198,750 HYPE to Gate minutes ago, a transfer valued at about $14 million at the time. The monitoring account suggested the tokens may have been sent for sale. It also noted that several OTC buyers who had accumulated HYPE over the past few months now appear to be selling, with similar transfers seen at other OTC desks.
Onchain Lens said FalconX moved 198,750 HYPE to Gate minutes ago, in a transfer worth about $14 million at the time. The monitoring account said the move appeared to be a sale.
It also said several OTC buyers who had accumulated HYPE over the past few months now appear to be selling. Similar transfers were also seen at other OTC desks.
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