On-chain analyst EmberCN reported that an address (starting with 0xD172) presumed to belong to cryptocurrency venture capital (VC) Selini Capital just deposited 495,000 HYPE, worth $26.8 million, to OKX. Deposits to exchanges are typically interpreted as being for the purpose of selling. This volume appears to have been received after unstaking from Hyperliquid (HYPE).
