Whale Dumps 871K HYPE via FalconX in 6 Hours, ~$64.82M

The notable element is the venue: routing a nine-figure-notional sale through FalconX rather than openly on-exchange suggests an OTC-style block, which typically limits immediate order-book damage but still signals that a large holder wanted out quickly. That distinction matters for HYPE's liquidity profile, since it tests whether depth outside public venues can absorb size without visible slippage. Whether the same wallet or desk continues distributing, or whether this was a one-off rebalance, is the open question for anyone tracking supply overhang.