According to CoinMeta, as monitored by Onchain Lens, a large whale has released 387,000 HYPE tokens from Kinetiq and transferred them to Coinbase, which may be intended for sale. Among these transfers, 100,000 tokens were transferred two days ago, valued at approximately $7.57 million; another 100,000 tokens were transferred today, valued at about $7.86 million; and previously, 187,000 tokens were transferred, valued at around $16.5 million.