Bitwise BHYP ETF wallet transfers 84,320 HYPE to Coinbase
- —84,320 HYPE worth about $6.71 million were transferred
- —The transaction occurred approximately 6 hours before publication
- —The funds went to a Coinbase address, which may mean a sale
Why it matters: A large transfer from an ETF wallet to an exchange could increase selling pressure on HYPE.
Source: PANews