912,383 Hyperliquid Tokens Move to FalconX in $82 Million Transfer

A transfer moved 912,383 Hyperliquid (HYPE) tokens to FalconX, an institutional trading platform. The tokens were valued at about $82.09 million, or roughly $90 each. The holder or institution had accumulated the tokens through Coinbase Prime and FalconX one to two months earlier at an average price of about $81 each. The estimated potential gain at the transfer valuation was $8.03 million. The transfer does not confirm a completed sale, so the $8.03 million figure remains an estimate. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

Source: TokenPost