A wallet withdrew 100,000 HYPE worth about $5.9 million from Coinbase on June 10, in a transfer tracked by Onchain Lens. The monitoring account said on-chain data suggests the address likely belongs to Bizyugo, also known as Garga, a Yuga Labs co-founder involved in Bored Ape Yacht Club. It added that related addresses have recently continued accumulating HYPE. Large exchange outflows are often watched by crypto traders because they can indicate tokens are being moved into self-custody rather than kept on a trading venue, although the reason for the transfer was not stated.