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Galaxy Digital transferred 95,270 HYPE worth about $8.11 million to Bybit and OKX within roughly four hours, split into 36,420 tokens (about $3.1 million) to Bybit and 58,850 tokens (about $5.01 million) to OKX, according to on-chain tracker Onchain Lens. Inflows of this size from a large institutional holder shift supply into venues where it can be sold immediately, and HYPE's relatively shallow order book means even partial liquidation can amplify downside and widen basis on HYPE perpetuals. The read stays unconfirmed until wallet activity shows actual disposal rather than a custody or market-making reshuffle; a return of the tokens to self-custody, or no follow-on transfers, would neutralize the bearish interpretation.
As a Crypto signal, watch whether it changes price action, volatility, or flows around HYPE.
Original Source: 블록미디어
This page is market information analysis, not investment advice.
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