Anonymous whale deposits $53M in HYPE to Coinbase Prime, FalconX

An anonymous whale deposited 923,700 HYPE, worth about $53.03 million, to Coinbase Prime and FalconX 30 minutes ago, according to on-chain analyst EmberCN. EmberCN said the whale staked 2.886 million HYPE at an average price of $19.79 in early last year. After unstaking those holdings in late July, the whale has transferred a total of 1.956 million HYPE, worth about $110 million, so far. Estimated profit stands at about $109 million, and the whale still holds another 969,000 HYPE worth about $55.73 million.