FalconX Transfers Over $100M in HYPE to Exchanges in Past Day, OTC Buyers Continue Selling

August 21 news, according to Onchain Lens monitoring, over the past day FalconX transferred approximately 1.42 million HYPE (about $104 million) to multiple exchanges including Gate, Bybit, OKX, Coinbase, and KuCoin, with OTC buyers continuing to reduce their HYPE holdings. Among them, Gate received approximately 481,000 tokens ($34.14 million), Bybit received 325,000 tokens ($24.15 million), OKX received approximately 326,000 tokens ($24.17 million), Coinbase received approximately 250,000 tokens ($18.58 million), and KuCoin received 25,000 tokens ($1.8 million).