Anonymous whale deposits $39.3M in HYPE to FalconX

An anonymous whale transferred 512,000 HYPE worth $39.3 million to FalconX after unstaking the tokens six hours earlier, EmberCN reported. Exchange deposits are generally interpreted as a sign of intent to sell. The position was withdrawn from an exchange a year ago, when HYPE was priced at $44.8, and a sale at current levels would imply an estimated profit of $16.36 million.