A whale or institution transferred 912,000 HYPE to FalconX, with an estimated profit of $8.03 million

TechFlow reported on October 31 that, according to on-chain analyst Ember, a whale or institution consolidated 912,383 HYPE and transferred it to institutional trading platform FalconX about 2 hours ago, with an estimated value of approximately $82.09 million at the prevailing price.

On-chain data shows that this batch of HYPE was accumulated over the past 1 to 2 months through Coinbase Prime and FalconX, with an average purchase price of approximately $81. The price at the time of the transfer was approximately $90, implying an estimated profit of about $8.03 million.

Source: TechFlow