Large HYPE withdrawals are picking up once more, with two wallets pulling a combined 375,757 $HYPE worth over $23 million off custodial platforms in the past few hours.

The biggest move came from a newly created wallet, while another well-known whale returned after more than a month of inactivity.
Fresh Wallet Takes Delivery of $17.45M in HYPE . A newly created wallet, 0x987f, withdrew 278,827 HYPE from Coinbase Prime around 4 hours ago.
Newly Created The transfer immediately caught attention due to both its size and the fact that the receiving wallet had no prior on-chain history. Whale Returns After One Month.
Meanwhile, wallet 0x2386 has become active again after nearly a month on the sidelines. The whale withdrew another 96,930 #HYPE worth approximately $6.01 million from BitGo, marking its first major HYPE accumulation in weeks.
Combined Value: ~$23.46M
Addresses: 0x987f82A4A19848Eaac4Fe0bE550d1Eb4E1518573 0x23863cA44D7B00Ce1dF2750170F02c66891fe548