Two newly created wallets withdrew a combined 468,980 HYPE tokens worth approximately $39.63 million from FalconX. The first wallet, beginning with 0x1366, withdrew 28,980 HYPE valued at about $2.38 million, according to Onchain Lens. The second, beginning with 0x72e0, withdrew 440,000 HYPE worth approximately $37.25 million, according to Lookonchain; the transfer occurred about 30 minutes before that report and ranked among the month’s larger single-wallet HYPE movements. Both wallets lacked publicly identified owners, and the withdrawals alone do not establish whether the tokens were moved for long-term holding, an over-the-counter transaction, collateral, staking, lending, or a custody change. HYPE is the native token of Hyperliquid, a decentralized exchange focused on perpetual futures. The larger withdrawal did not immediately trigger a significant price swing, while HYPE was hovering around $82 during the earlier report, leaving the combined market impact uncertain.