Address linked to Galaxy Digital buys $8.8M in HYPE

An address linked to Galaxy Digital, starting with 0xBED9, purchased 158,100 HYPE ($8.8 million) over the past two hours, Lookonchain reported. Meanwhile, another new address, starting with 0x4CBB, withdrew 536,247 HYPE ($29.87 million) from Coinbase over the past two days. Withdrawals from exchanges are typically interpreted as an intention to hold.