Whale moves 541,000 HYPE to Kraken with $9.52M profit
- —541,000 HYPE worth about $49.54 million moved to Kraken
- —Tokens were withdrawn from Coinbase Prime two weeks ago at $73.9
- —Transfer price of $91.5 implies an estimated $9.52 million profit
Why it matters: A large HYPE transfer to an exchange may signal preparation to sell and could add selling pressure on the token.
Source: PANews