Coinbase large outflow HYPE, this move is a bit significant—are institutions accumulating or whales reallocating?

HYPE-3.42%
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BlockBeatNews
A newly created address withdrew 684k HYPE from Coinbase, worth approximately $40.7 million.
BlockBeats news, May 22 — According to Onchainlens monitoring, a newly created address withdrew 684k HYPE tokens from Coinbase in the past two days, worth approximately $40.7 million.
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