A wallet linked to Arthur Hayes transferred crypto assets worth about $7.1 million to Bybit, according to Onchain Lens, a blockchain tracking service. The reported deposits on May 23 included 115,453 HYPE valued at $6.33 million and 1.76 million AERO valued at $785,000. Onchain Lens also said the wallet continues to hold 247,334 HYPE worth $13.6 million. Large transfers to exchanges are closely watched in crypto markets because they can indicate portfolio rebalancing, trading activity, or preparation for a sale, though the source material does not state the purpose of these deposits.