On-chain data: Over the past ten days, more than 453,500 HYPE tokens have been withdrawn from Gate’s hot wallet in large amounts, with a cumulative value of approximately $25.18 million.

Mars Finance News: According to on-chain monitoring data, in the past ten days, Gate's hot wallets have collectively transferred out over 453,486.74 HYPE tokens, valued at approximately 25.18 million USD based on the transfer price.
HYPE-0.25%
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Miner'sHelmetUnderTheMoonlight
· 5h ago
25.18 million dollars, are institutions selling off or users withdrawing coins?
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GasFeeSensitivity
· 5h ago
Is the monitoring data accurate? Could it be a statistical methodology issue?
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DustyLedgerKid
· 5h ago
Gate has been quite active lately, and it might also be because users are participating in staking.
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GateUser-44dde53b
· 5h ago
What is HYPE's market capitalization? That's quite a significant proportion, isn't it?
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ReorgSurvivor
· 5h ago
Could it be switching to a cold wallet? Transferring from a hot wallet to a cold wallet also counts as a transfer out.
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AncientKeysUnlockNewChains
· 5h ago
On-chain data doesn't lie, but the reasons must be guessed.
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GateUser-f85bc167
· 5h ago
Ten days to transfer out 450k coins, averaging over 40k per day, this pace is quite unusual.
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Paper-SculptedOctopusPool
· 5h ago
HYPE has been quite popular recently; the large-scale transfer out of Gate Wallet is worth paying attention to.
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GateUser-e623ef4b
· 5h ago
Gate's withdrawal amount is a bit large. Are they preparing for a major move?
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