Whale or Institution Transfers About 512,000 HYPE to FalconX

TechFlow reports that on November 9, according to Ember monitoring, a whale or institution transferred a cumulative total of about 512,000 HYPE redeemed from staking to institutional trading platform FalconX, worth about $39.3 million.

Ember said this batch of HYPE was bought about a year ago at $44.8 per token, and selling it would realize a profit of about $16.36 million.

Source: TechFlow