Dragonfly-linked wallet moves 30K HYPE to FalconX, sparking OTC sale speculation
- —30,000 HYPE worth ~$2.33 million sent to FalconX
- —Same wallet moved 41,400 HYPE (~$3.21 million) a month earlier
- —Total of 71,400 HYPE transferred; 296,100 HYPE (~$22.96 million) left
- —HYPE fell 5.4% to $77.4
Why it matters: Large venture-linked transfers to an OTC desk can signal an impending sale and add selling pressure on HYPE.
Source: Bloomingbit