Whale/institution deposited 694,300 HYPE to Coinbase within 4 days, worth approximately USD 53.26 million

TechFlow reports that on October 29, according to monitoring by on-chain analyst EmberCN (@EmberCN), a whale or institution deposited a cumulative 694,300 HYPE to Coinbase over the past 4 days, worth approximately USD 53.26 million; the related address can be viewed on Arkham. Deposits to an exchange may indicate preparation to sell, but do not necessarily mean actual selling has occurred; further activity remains to be watched.

Source: TechFlow