Whale 0x6436 has been making furious HYPE withdrawals—pulling 5.16 million dollars worth in just two hours. Over the week, the total staked on Hyperliquid has accumulated to nearly 80 million—are they trying to control the market, or do they genuinely have faith in the project?

CryptoWorld News reports that, according to Lookonchain monitoring, the newly created wallet 0x6436 has withdrawn another 82,089 $HYPE tokens from an exchange in the past 2 hours, which is approximately $5.16 million at the current price. Over the past week, this wallet has withdrawn a total of 11.4k $HYPE tokens, worth about $79.22 million, and deposited them into Hyperliquid for staking.