A whale unstaked 387,000 HYPE from Kinetiq and transferred it to Coinbase, worth approximately $31.93 million.

On October 29, on-chain analyst Onchain Lens (@OnchainLens) monitored a whale unstaking 387,000 HYPE from Kinetiq and transferring it to Coinbase in three batches, possibly for sale. Of this total, 187,000 tokens (approximately $16.5 million) were transferred previously, 100,000 tokens (approximately $7.57 million) two days ago, and another 100,000 tokens (approximately $7.86 million) today.