Worth $39.3 million, a whale/institution transferred 512,000 HYPE to FalconX

Odaily report: According to monitoring by on-chain analyst Yu Jin, a whale/institution transferred 512,000 HYPE redeemed from staking to institutional trading platform FalconX 6 hours ago, worth $39.3 million. These HYPE tokens were accumulated a year ago at a price of approximately $44.8, and selling them would realize a profit of $16.36 million.