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Address linked to Bitwise BHYP ETF deposits 84,320 HYPE worth about $6.71 million

  • Bitwise BHYP-linked address deposited HYPE tokens into Coinbase.
  • 84,320 HYPE worth approximately $6.71 million entered the exchange.
  • PANews reported the transaction on Sept. 15, following Onchain Lens monitoring.

An address believed to be linked to Bitwise's BHYP spot ETF, which is tied to Hyperliquid's HYPE token, deposited 84,320 HYPE worth about $6.71 million into Coinbase six hours before the report, according to Onchain Lens. Deposits to exchanges are commonly viewed as possible preparation for a sale, though the transaction does not confirm that the tokens were sold. PANews reported the development on Sept. 15.

HYPE
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Address linked to Bitwise BHYP ETF deposits 84,320 HYPE worth about $6.71 million - CoinPost Terminal