According to CoinMeta, wallet address 0x90b38 transferred approximately 923,743 units of $HYPE to exchanges within the past 11 hours. Of this amount, 692,807 units (about $39.77 million) were transferred to Coinbase Prime, and 230,936 units (about $13.26 million) were transferred to FalconX. Approximately two-thirds of the holdings have been sold. Currently, the address still holds 969,595 units of $HYPE, valued at about $55.5 million. There has been no panic selling from this address; instead, the assets have been distributed steadily.