Early Hyperliquid investor deposits $35.3M in HYPE to Coinbase

An early Hyperliquid (HYPE) investor address starting with 0x0E8b deposited 576,148 HYPE, worth $35.28 million, to Coinbase seven hours ago, according to Onchain Lens. Deposits to exchanges are typically interpreted as a precursor to selling. The address is estimated to have realized profits of more than $44.34 million.