Over $100 Million in HYPE Transferred to Exchanges, FalconX Moved Approximately 1.42 Million Tokens in the Past Day as OTC Buyers Continue to Reduce Holdings

According to Odaily, over the past day, FalconX 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 them, 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.