Dragonfly Capital transferred 30,000 HYPE to FalconX and may sell the tokens through an over-the-counter transaction, TradingBeats monitoring cited by BlockBeats said.
Wallet still holds 296,100 HYPE
The address transferred another 41,400 HYPE to FalconX a month earlier, a transaction valued at $3.21 million in the report. It still held 296,100 HYPE, valued at $22.96 million at the time of the flash.
The transfer and possible OTC sale are monitoring observations rather than confirmation that a sale occurred. BlockBeats did not identify a buyer, and the reported dollar values can change with HYPE’s market price.