A whale/institution transferred 912,000 HYPE to FalconX, with an expected profit of $8.03 million.

on October 31, according to on-chain analyst Yu Jin, approximately two hours ago, an unidentified whale or institution aggregated 912,383 HYPE tokens and transferred them to the institutional trading platform FalconX, valued at approximately $82.09 million at the time.

On-chain data shows that these HYPE tokens were accumulated over the preceding one to two months via Coinbase Prime and FalconX, with an average purchase price of around $81. At the time of transfer, priced at approximately $90, the expected realized profit is roughly $8.03 million.