Over $100 million in HYPE transferred to exchanges, FalconX moved approximately 1.42 million tokens in the past day, with OTC buyers continuing to reduce holdings

Odaily Planet Daily reported that over the past day, FalconX transferred approximately 1.42 million HYPE tokens, worth about $104 million, to multiple exchanges including Gate, Bybit, OKX, Coinbase, and KuCoin, as OTC buyers continued to reduce their HYPE holdings. Among them, Gate received approximately 481,000 tokens, worth $34.14 million; Bybit received 325,000 tokens, worth $24.15 million; OKX received approximately 326,000 tokens, worth $24.17 million; Coinbase received approximately 250,000 tokens, worth $18.58 million; and KuCoin received 25,000 tokens, worth $1.8 million.