TechFlow reports that, on May 29, blockchain analyst EmberCN (@EmberCN) observed Galaxy Digital’s address withdrawing 1 million HYPE tokens—worth approximately $61.16 million—from staking four hours ago. Subsequently, 500,000 HYPE tokens—valued at roughly $30.36 million—were transferred to OKX and Bybit. Data shows these HYPE tokens were staked eight months ago at an average price of approximately $45.7 per token; based on this, the paper profit amounts to at least $15.4 million.
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