Dragonfly-Linked Wallet Transfers 30,000 HYPE to FalconX, Sparking OTC Sale Speculation
Summary
- A wallet linked to Dragonfly Capital transferred 30,000 HYPE to FalconX, prompting speculation that the move may have been preparation for an OTC sale.
- Onchain Lens said the transferred tokens were worth about $2.33 million and predicted FalconX could sell the tokens through an OTC transaction.
- A total of 71,400 HYPE has been moved to FalconX in two transfers, with 296,100 HYPE remaining (about $22.96 million), while HYPE fell 5.4% to $77.4.
Forecast Trend Report by Period
A wallet linked to crypto venture capital firm Dragonfly Capital transferred 30,000 Hyperliquid tokens, or HYPE, to FalconX, prompting speculation that the move was intended to prepare for an over-the-counter sale.
On-chain analytics account Onchain Lens reported on Oct. 22 that the transferred tokens were worth about $2.33 million. It added that FalconX could sell the tokens through an OTC transaction.
The same wallet also sent 41,400 HYPE to FalconX about a month ago. That transfer was valued at about $3.21 million at the time. In total, 71,400 HYPE have been moved to FalconX across the two transactions.
After the latest transfer, the wallet held 296,100 HYPE, worth about $22.96 million when Onchain Lens compiled the data.
Meanwhile, Hyperliquid was trading at $77.4, down about 5.4% from a day earlier, according to CoinMarketCap.
Doohyun Hwang
cow5361@bloomingbit.ioKEEP CALM AND HODL🍀