Blockchain trackers said fresh wallets accumulated large HYPE positions from Coinbase and other exchanges, while related addresses also withdrew 557,406 HYPE from Kraken and moved the tokens into staking.
Blockchain trackers reported large HYPE accumulation through newly created or likely linked wallets. Lookonchain said two new wallets withdrew a combined 1,072,317 HYPE worth about $75.77 million, including wallet 0x643...0103, which accumulated 902,317 HYPE worth $64.9 million over three days after another 140,960 HYPE withdrawal, and wallet 0xc0f...ba47, which withdrew 170,000 HYPE worth $10.87 million from Coinbase. Separately, Onchain Lens said a newly created wallet withdrew 180,000 HYPE worth about $13.4 million from Coinbase and that three likely related addresses withdrew 557,406 HYPE worth about $41.53 million from Kraken before staking the tokens. Large exchange outflows and staking activity are often watched because they can indicate a shift toward longer-term holding or yield generation rather than immediate sale.