FalconX sends $14 million in HYPE to Gate as institutional selling fears grow

On August 19, FalconX transferred 198,750 HYPE to Gate, which represents roughly $14 million, leading blockchain intelligence company Onchain Lens to hypothesize that this sends signals of a probable sell. The mere existence of one big exchange deposit may not say much. However, as it turns out that many institutional wallets seem to be lowering...