On August 21, according to Onchain Lens monitoring, FalconX transferred approximately 1.42 million HYPE (around $104 million) to several exchanges including Gate, Bybit, OKX, Coinbase, and KuCoin in the past day, as OTC buyers continued to reduce their holdings of HYPE. Among these, Gate received about 481,000 HYPE ($34.14 million), Bybit received 325,000 HYPE ($24.15 million), OKX received approximately 326,000 HYPE ($24.17 million), Coinbase received about 250,000 HYPE ($18.58 million), and KuCoin received 25,000 HYPE ($1.80 million).
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FalconX Transfers Over $100 Million in HYPE to Exchanges, OTC Buyers Continue Selling
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