Bitwise Transfers $3.28M in HYPE Tokens to FalconX as Market Pulls Back

Bitwise has transferred 50,480 HYPE tokens, valued at around $3.28 million, to FalconX.

The move comes amid a softer phase in HYPE’s market performance, with the token recently sliding about 17% from its peak of $75.48, reached on June 2, 2026.

Despite the transfer, Bitwise still maintains a substantial holding in the asset. As of June 7, 2026, its position stood at 1,553,865 HYPE tokens, worth approximately $96.8 million.

Source: Onchain Lens