Selini Capital-Linked Wallet Deposits 495,473 HYPE to CEX, Suggesting Possible Sale

A wallet linked to Selini Capital deposited 495,473 HYPE to a CEX in the past hour, suggesting the firm may be planning to sell the token. According to BlockBeats On-chain Detection, the deposit was monitored by lookonchain on July 29 and was valued at about $26.8 million. The move may indicate an intention to offload HYPE.