According to CoinMeta, as reported by OnchainLens, a whale has released 387,000 HYPE tokens from collateral and transferred them to Coinbase, possibly with the intention of selling them. Two days ago, this whale transferred 100,000 HYPE tokens (worth approximately $7.57 million), and today they transferred another 100,000 HYPE tokens (worth about $7.86 million). Earlier on, they had transferred 187,000 HYPE tokens (worth around $16.5 million).