A HYPE whale continues to transfer large token amounts to exchanges, with cumulative deposits reaching $24.29 million.

TechFlow reports that on September 28, on-chain analyst Onchain Lens (@OnchainLens) monitored address 0xc745...1464 depositing 177,500 HYPE into OKX and Bybit one hour ago, valued at approximately $16.08 million, suspected of preparing to sell. Two days ago, the same address had transferred 89,050 HYPE to Binance, Kraken, OKX, and Gate, valued at approximately $8.21 million. Combined, the two transactions moved 266,600 HYPE, with a total value of approximately $24.29 million.