A wallet transferred $5.72 million worth of HYPE from Bitget (cryptocurrency exchange) and then used staking (locking crypto to earn rewards), increasing its total staked HYPE holdings to $15.33 million. According to Arkham (blockchain analytics platform), the address has generated $3 million in profit so far. The move points to continued large-holder activity in HYPE and shows how on-chain data can track exchange withdrawals and token allocation into staking.