Dragonfly Capital transferred 30,000 HYPE to FalconX this morning, potentially signaling an upcoming sale

According to TradingBeats’ October 23 monitoring data, Dragonfly Capital transferred 30,000 HYPE to FalconX early that morning—a move potentially aimed at offloading the tokens via over-the-counter (OTC) trading. Over the prior month, the same address had sent 41,400 HYPE to FalconX, valued at $3.21 million at the time. As of now, the address still holds 296,100 HYPE, worth approximately $22.96 million at current market prices.