Major cryptocurrency holders are moving significant amounts of HYPE tokens off centralized exchanges, with multiple whale transactions totaling approximately $35.6 million occurring across major trading platforms including OKX, Bybit, Kraken, and Gate.
A newly identified wallet withdrew 263,906 HYPE tokens valued at $19.2 million across the four exchanges, signaling potential long-term holding intentions. Separately, another wallet associated with Anchorage Digital transferred 88,955 HYPE tokens worth $6.5 million from Kraken, adding to the pattern of institutional-scale accumulation and movement.
In a third transaction tracked by on-chain analytics platform LookOnChain, a whale sold 134,868 HYPE tokens through market maker Flowdesk for $9.92 million. Despite the partial liquidation, the whale maintains a substantial position of 213,139 HYPE tokens valued at $15.69 million and has realized cumulative profits of $12.19 million from its HYPE holdings.