Hype Token Holder Offloads Two-Thirds of Holdings on Major Exchanges

A significant HYPE token movement has taken place over the past 11 hours. Wallet 0x90B38 transferred approximately $53 million worth of HYPE tokens to major exchanges, with 692,807 tokens routed to Coinbase Prime and 230,936 tokens sent to FalconX.

This represents about two-thirds of the original position, leaving the wallet with a remaining balance valued at roughly $55.5 million. The move was described as an orderly distribution rather than a forced liquidation.