Lookonchain said the address identified as 0xf7A4 pulled the tokens about an hour earlier, after two short-term HYPE trades over the past two weeks generated roughly $508,000 in profit.
A wallet linked to Arthur Hayes withdrew 44,156 HYPE worth about $2.93 million from Gate around an hour before the report, blockchain data tracked by Lookonchain showed. The same address, 0xf7A4, has completed two short-term HYPE trades over the past two weeks and made cumulative profits of about $508,000. The activity points to continued large-holder positioning in HYPE, with on-chain monitoring often used by traders to track potential market-moving flows between exchanges and private wallets.