Blockchain trackers reported two notable HYPE withdrawals into newly identified wallets. Onchain Lens said a new wallet withdrew 684,934 HYPE worth $40.7 million from Coinbase over the past two days, while Lookonchain reported that a newly created wallet withdrew 63,780 HYPE worth $4.06 million from Bybit as HYPE continued setting new highs. Both reports describe sizable transfers from centralized exchanges to external wallets, though neither identifies the wallet owners or states the purpose of the withdrawals.