Whales Start Dumping HYPE as One Address Sends $16.08M to Exchanges
- —Address 0xc745 deposited 177,518 HYPE worth $16.08M to OKX and Bybit
- —A Hypersphere Ventures-linked wallet sold 62,869 HYPE for $5.78M
- —The Hypersphere Ventures wallet booked a $2.13M profit
- —The sales occurred within an hour as multiple whales offloaded HYPE
Why it matters: Heavy selling by major HYPE holders could add short-term downward pressure on the token's price.
Source: PANews