Add as a preferred source on GoogleWhale or Institution Sends 512,000 HYPE Worth $39.3M to FalconX
The tokens were accumulated about a year ago at about $44.80 each; a sale at the stated value would yield an estimated $16.36 million gain.
A whale or institution transferred 512,000 HYPE tokens, valued at about $39.3 million, to FalconX on Nov. 9 after the tokens were redeemed from staking. FalconX is an institutional trading platform.
The tokens were accumulated about a year ago at about $44.80 each. Selling them at the stated value would produce an estimated $16.36 million gain.
The transfer itself does not establish that a sale occurred. A separate 912,383 HYPE transfer to FalconX carried an estimated $8.03 million gain at its transfer price.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.