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Cumberland transfers 170,000 HYPE worth $14.09 million to Bybit, Coinbase

  • Cumberland transferred HYPE to Bybit and Coinbase for client sales.
  • 170,000 HYPE were moved, valued at approximately $14.09 million.
  • Some clients unstaked hours earlier, while others held tokens for months.

Cumberland (0x040...0f3F) transferred 170,000 HYPE tokens, worth about $14.09 million, to Bybit and Coinbase for sale on behalf of clients, Onchain Lens reported. Some clients had unstaked their holdings hours before the transfer, while others had held the tokens for several months. Unstaking means ending a token-locking arrangement used to participate in staking and earn rewards.

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