According to Onchain Lens, the wallet has accumulated 1.71 million HYPE worth $72.82 million over the past month and used the tokens for staking (locking crypto to earn rewards).
An Anchorage-linked wallet purchased 74,200 HYPE on Bybit for $3.38 million, according to Onchain Lens. Over the past month, the same wallet accumulated 1.71 million HYPE valued at $72.82 million. The tokens have been used for staking (locking crypto to earn rewards), a blockchain mechanism that lets holders commit assets to support a network or protocol in return for rewards.