According to Onchain Lens, a newly created wallet withdrew 198,535 HYPE worth about $11.62 million from Bybit as HYPE reached a new all-time high. Earlier reports on the same wallet described smaller withdrawals of 121,099 HYPE worth about $5.87 million and 85,226 HYPE worth about $4.08 million, suggesting either additional transfers or revised accounting over time. Over the past month, the wallet was also reported to have accumulated between 2.22 million HYPE worth about $105.8 million and 2.34 million HYPE worth about $112 million. One report further stated that the tokens were staked, indicating movement from exchange custody into longer-term positioning rather than remaining on Bybit for immediate trading.