Blockchain analytics tracker Lookonchain reported two notable HYPE transactions involving large wallets. A wallet identified as linked to Galaxy bought 158,100 HYPE valued at about $8.8 million in the past two hours. Separately, a newly created wallet, 0x4CBB, withdrew 536,247 HYPE worth about $29.87 million from Coinbase over the past two days. Large exchange withdrawals are often watched by traders because they can indicate funds moving into self-custody, although the source does not state the intent behind the transfer.