Odaily reported that, according to monitoring by Onchain Lens, a HYPE genesis whale deposited 576,000 HYPE into Coinbase. Based on the cited monitoring data, the transferred tokens were worth approximately $35.28 million.
The same on-chain monitoring information showed that the address had made more than $44.34 million in profit from its HYPE holdings. The transfer into Coinbase was recorded as a large on-chain movement involving a genesis whale address. Coinbase is a crypto asset trading platform, and large transfers of this type are commonly disclosed under whale movement updates.
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