According to Lookonchain and Arkham, newly identified wallets moved large amounts of HYPE off OKX, Bybit, Kraken, and Gate, highlighting significant exchange outflows into external custody over the past 12 hours.
According to Lookonchain, whale wallets withdrew a combined 352,855 HYPE worth about $25.7 million from major exchanges. The largest reported activity involved a new wallet, 0x6436, which withdrew 263,900 HYPE from OKX, Bybit, Kraken, and Gate over the past 12 hours. Arkham separately reported a newly identified wallet withdrawing 126,739 HYPE worth $9.33 million from OKX, Kraken, Gate, and Bybit around 30 minutes before its report, while Lookonchain also identified another new wallet linked to Anchorage Digital that withdrew 88,955 HYPE from Kraken about five hours earlier. It is unclear from the source material whether Arkham’s reported wallet overlaps with Lookonchain’s 0x6436 wallet or represents a separate transfer. Both reports describe sizable exchange outflows into external wallets, but neither states the owner in all cases or the purpose of the transfers.