Whale Sends About $31.93 Million in HYPE Tokens to Coinbase

A whale unstaked 387,000 HYPE from Kinetiq and transferred the tokens to Coinbase in three batches valued at about $31.93 million.

The transfers included 100,000 HYPE valued at about $7.57 million on Oct. 27, another 100,000 valued at about $7.86 million on Oct. 29, and an earlier 187,000 valued at about $16.5 million. The three estimates total about $31.93 million.

Earlier HYPE activity involved five whale addresses unstaking about 983,600 tokens on Sept. 24, valued at roughly $90.4 million, and a separate 130,331-HYPE transfer to Coinbase Prime valued at $12.15 million during a previous HYPE supply test.