$25.7M in HYPE Leaves Exchanges as Whale Activity Intensifies After ATH

Whale accumulation in Hyperliquid has intensified across major exchanges following its recent price spike.

On-chain activity shows a newly created wallet (0x6436) withdrawing 263,906 HYPE worth approximately $19.2M from Bybit, OKX, Gate.io, and Kraken over the past 12 hours.

In a separate move, another recently active wallet (0x5EaD), linked to Anchorage Digital, withdrew 88,955 HYPE valued at around $6.5M from Kraken roughly five hours ago.

These transactions came shortly after HYPE reached a new all-time high of $75.48 earlier in the day, before it eased about 5.5% to $71.37.

Source: Lookonchain