Fresh wallet withdraws $39.23M in HYPE from five exchanges in 8 hours
- —Wallet 0xbe51 pulled 428,640 HYPE worth $39.23M
- —Funds came from Bybit, Kraken, Wintermute, Gate and OKX
- —All withdrawals occurred within an 8-hour window
- —The wallet was created shortly before the transfers
Why it matters: A large HYPE outflow from exchanges may signal accumulation by a major player and tighter available supply.
Source: PANews