On-chain data indicates continued large-scale HYPE token movements, with High Stakes Capital selling $1.6 million worth amid recent transfers and price gains.
On September 10, on-chain data showed High Stakes Capital sold 30,000 HYPE tokens valued at approximately $1.6 million. This followed a September 9 transfer of 153,000 HYPE tokens, worth about $7.9 million, from FalconX to a new wallet. Earlier, on September 5, another wallet had withdrawn 309,000 HYPE tokens, valued at $14.2 million, from KuCoin and staked the tokens with the FalconX <> Chorus One validator. HYPE was priced at $50.523 on September 9, reflecting a 7.03% increase in 24 hours and a 14.04% rise over the past week.