Large Holders Pull $53M+ Worth of HYPE Off Exchanges in a Day

Large holders have continued to accumulate Hyperliquid (HYPE), with several large exchange withdrawals occurring within a short timeframe.

Most recently, three newly identified wallets withdrew a combined 557,406 HYPE (about $40.2 million) from Kraken and staked the tokens roughly eight hours ago.

Shortly after, another wallet—0x6436—pulled 180,000 HYPE (around $13.3 million) from Coinbase about six hours ago. Over the past three days, this same address has accumulated a total of 761,357 HYPE (approximately $55.4 million) from centralized exchanges.

These transactions come in the wake of a broader market move, as HYPE has fallen more than 10% from its recent all-time high of $75.48, recorded on June 2, 2026.

Source: Lookonchain