FalconX transferred over $100 million worth of HYPE to exchanges in the past day, OTC buyers continue to sell off. In the last 24 hours, FalconX moved approximately 1.42 million HYPE tokens, worth around $104 million, to multiple exchanges, with OTC buyers still reducing their holdings. Onchain Lens data shows that the funds mainly flowed to Gate, Bybit, OKX, Coinbase, and KuCoin. Among them, Gate received approximately 481,000 HYPE tokens, making it the largest single inflow platform this time.