Over $100 Million in HYPE Transferred to Exchanges, FalconX Moves ~1.42 Million Tokens in a Day as OTC Buyers Continue Reducing Positions

Odaily News – Over the past day, FalconX has transferred approximately 1.42 million HYPE tokens, valued at around $104 million, to multiple exchanges including Gate, Bybit, OKX, Coinbase, and KuCoin, as OTC buyers continue to reduce their HYPE holdings. Among these, Gate received approximately 481,000 tokens, valued at $34.14 million; Bybit received 325,000 tokens, valued at $24.15 million; OKX received approximately 326,000 tokens, valued at $24.17 million; Coinbase received approximately 250,000 tokens, valued at $18.58 million; and KuCoin received 25,000 tokens, valued at $1.8 million.