CryptoWorld News reports that on-chain data shows a wallet linked to Matrixport deposited 403,290 HYPE tokens (approximately $17.3 million) and sold 100,000 HYPE at a price of $42.38, receiving about $4.24M USDC. The wallet still holds 303,290 HYPE tokens (around $13 million), with the remaining portion expected to be sold.

HYPE-2.21%
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