According to Lookonchain, one wallet tied to Galaxy acquired 158,100 HYPE in two hours, while another newly created address removed 536,247 HYPE from Coinbase over two days.
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.