The purchases equaled 2.55% of circulating supply, while uncertainty remains over whether the transfer is tied to a June 26 investor unlock after revised April vesting terms.
A Hex Trust-linked entity accumulated 72.23 million H tokens over the past four hours, an amount equal to 2.55% of the token’s circulating supply, PANews reported on June 5, citing on-chain analyst Ai Yi. The activity comes after the foundation revised vesting (scheduled token release) terms for early investors in April, giving them a choice between a longer unlock schedule or accepting a 70% discount for full token distribution on June 26. It remains unclear whether the latest transfer is connected to that upcoming unlock, a question that could matter for how markets assess potential supply pressure.