The whale will transfer 512,000 HYPE to FalconX for redemption, and if sold, will profit 16.36 million USD

According to Ember Monitoring, a giant whale/institution transferred 512,000 HYPE (worth $39.3 million) from staking redemption to the institutional trading platform FalconX 6 hours ago.

These HYPE were accumulated a year ago at a price of about $44.8, and selling them would realize a profit of $16.36 million.