ChainCatcher reported, citing monitoring by Onchain Lens, that a HYPE genesis whale has deposited all of its 576,148 HYPE into Coinbase. Based on the monitoring data, the tokens were valued at approximately $35.28 million. The same address has recorded cumulative profit of more than $44.34 million from HYPE.
Full HYPE Holding Moved to Coinbase
The key detail in the on-chain update is that the address moved its entire HYPE position rather than only part of the balance. The transfer involved 576,148 HYPE deposited into Coinbase in a single reported action. The address was identified in the monitoring note as a HYPE genesis whale.
At the time of the report, the disclosed information covered the deposit, token amount, approximate U.S. dollar value and cumulative profit figure tracked by Onchain Lens. No additional transaction plan or follow-up activity was included in the report. A deposit to an exchange records asset flow on-chain, while any further transaction status should be checked against public on-chain data and platform records.