Galaxy Digital Transfers $4.15 Million of Hyperliquid to Gate
Uk Jin
Summary
- More than $4 million worth of Hyperliquid (HYPE) was moved from Galaxy Digital’s over-the-counter (OTC) wallet to an exchange.
- According to Onchain Lens, Galaxy Digital’s OTC wallet transferred 55,990 Hyperliquid tokens to Gate, worth about $4.15 million at the time.
- Exchange deposits are typically interpreted as a sign of selling intent.
Forecast Trend Report by Period
More than $4 million worth of Hyperliquid (HYPE) was moved from Galaxy Digital’s over-the-counter, or OTC, wallet to an exchange.
On-chain analytics firm Onchain Lens said on Aug. 21 that Galaxy Digital’s OTC wallet transferred 55,990 HYPE tokens to Gate. The tokens were worth about $4.15 million at the time of the transfer.
Exchange deposits are typically viewed as a sign of selling intent.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.