Onchain Lens said the newly created wallet withdrew 150,000 HYPE worth about $11 million over five days, then another 50,000 worth $3.58 million, lifting holdings to about $14.33 million.
A newly created wallet identified as 0x008 withdrew another 50,000 HYPE from Bybit, valued at about $3.58 million, according to Onchain Lens. The latest transfer followed withdrawals totaling 150,000 HYPE worth about $11 million over the previous five days, bringing the wallet's holdings to 200,000 HYPE valued at about $14.33 million. Earlier monitoring indicated the position was showing roughly $1 million in unrealized profit, reflecting a paper gain as HYPE's price rose after the withdrawals. Large exchange outflows into fresh wallets are often watched as possible signs of accumulation, though the transfers alone do not establish the owner's intent.