Wallet Receives Massive Amount of HYPE Sparks Interest

According to Onchain Lens, wallet '0xd4d' received 465,000 HYPE tokens two hours ago, worth up to $10.32 million, sourced from Galaxy Digital OTC platform.

It's worth noting that this wallet previously received 56.12 million ENA tokens from Ethena Lab Wallet two and a half months ago, which was valued at approximately $24.76 million at the time. However, as of now, the value of these ENA tokens has significantly dropped to $9.32 million, resulting in a loss of $15.44 million.

  • Transaction time: Two hours ago
  • Received tokens: 465,000 HYPE (worth $10.32 million)
  • Source: Galaxy Digital OTC

Whether this transaction indicates future market fluctuations remains to be seen.