Whale or Institution Deposits 541,000 HYPE to Kraken for Estimated $9.52 Million Profit

According to on-chain analyst Ember, a whale or institution deposited 541,000 HYPE, valued at approximately $49.54 million, into Kraken. The tokens were originally withdrawn from Coinbase Prime half a month ago at an average price of $73.90. With the current deposit price at approximately $91.50, the entity is expected to realize a profit of about $9.52 million.