Anonymous whale deposits $53M in HYPE to Coinbase Prime, FalconX over 11 hours

An anonymous whale address beginning with 0x90B38 deposited 923,743 HYPE worth $53.03 million into Coinbase Prime and FalconX over the past 11 hours, The Data Nerd reported. Exchange deposits are typically viewed as a sign of potential selling. The address still holds about 969,595 HYPE worth $55.5 million.