ChainCatcher reported that on-chain analyst Ember tracked 912,383 HYPE being consolidated and transferred to institutional trading platform FalconX about two hours earlier. The tokens were valued at roughly 82.09 million based on the source text. Ember said the position had been accumulated one to two months ago through Coinbase Prime and FalconX at an average cost of about $81. Using a transfer price of $90, the move implies an estimated profit of $8.03 million. The source described the sender as a whale or institution, without naming the entity.
According to ChainCatcher, on-chain analyst Ember tracked 912,383 HYPE being consolidated and moved to institutional trading platform FalconX about two hours earlier, with the position valued at roughly 82.09 million based on the source text.
Ember said the HYPE had been accumulated one to two months ago through Coinbase Prime and FalconX at an average price of about $81. At a transfer price of $90, the estimated profit comes to $8.03 million.
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