Crypto

Galaxy Digital OTC Address Transfers $4.2M in HYPE to Gate

Guavy AI Editorial Team Published August 22, 2026

A Galaxy Digital-linked OTC address has moved $4.2 million in HYPE tokens to Gate, according to on-chain data from Onchain Lens.

The transfer of 55,990 HYPE tokens occurred just minutes before the report and was likely intended for a sale, though it's impossible to confirm without further evidence.

Galaxy Digital is a major player in the digital asset space, offering services including trading, asset management, and investment banking. The firm has been involved in various OTC trades and holds significant positions in multiple cryptocurrencies.

The movement of assets to an exchange can signal potential market activity, especially when funds are sent to centralized exchanges. However, transfers can also be made for other purposes, such as collateral management or liquidity provision.

Galaxy Digital OTC Address Transfers $4.2M in HYPE to Gate

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