Whale-linked wallets deposit 494,310 HYPE worth $37.8M into Coinbase
- —494,310 HYPE worth roughly $37.83M moved to Coinbase in 24 hours
- —The tokens came from three wallets tied to one whale
- —Data was flagged by on-chain analyst Lookonchain
- —HYPE trading volume stayed low over the same period
Why it matters: A large inflow of HYPE onto an exchange could translate into selling pressure and sharper price swings in the coming days.
Source: Coinfomania