Coinbase received 387,000 Hyperliquid (HYPE) tokens in three reported batches after they were unstaked from Kinetiq. The transfers had a combined estimated value of about $31.93 million.
The latest batch, on Oct. 29, contained 100,000 HYPE valued at about $7.86 million. Another 100,000-token batch moved on Oct. 27 and was valued at about $7.57 million. An earlier 187,000-token tranche was estimated at $16.5 million. Together, those three estimates add up to about $31.93 million.
Earlier large-holder activity cited in the reporting included five whale addresses unstaking about 983,600 HYPE on Sept. 24, then valued at roughly $90.4 million. An earlier HYPE supply test also involved 130,331 tokens sent to Coinbase Prime; the movement was valued at $12.15 million.
