A wallet withdrew 57,000 HYPE from Coinbase in a single transaction, worth about $3.36 million at roughly $59 per token, according to on-chain tracker Onchain Lens. A newer report put HYPE at around $59.37 and said derivatives trading had increased nearly 19%, alongside strong technical support and bullish momentum. The withdrawal may reflect self-custody or longer-term positioning, but it does not confirm the holder's intentions or guarantee a price effect.