According to Onchain Lens monitoring, FalconX transferred 1.42 million HYPEs (approximately $104 million) to Gate, Bybit, OKX, Coinbase, and KuCoin in the past day, with Gate receiving 481000 HYPEs ($34.14 million), Bybit receiving 325000 HYPEs ($24.15 million), OKX receiving 326000 HYPEs ($24.17 million), Coinbase receiving 250000 HYPEs ($18.58 million), and KuCoin receiving 25000 HYPEs ($1.8 million). OTC buyers continued to reduce their holdings of HYPEs.