Anonymous new address withdraws $11.6M in HYPE from Bybit

As Hyperliquid (HYPE) hit a new all-time high today, an anonymous, newly created address starting with 0x41Ad withdrew 198,535 HYPE, worth $11.62 million, from Bybit. Withdrawals from exchanges are generally interpreted as an intention to hold. According to CoinMarketCap, HYPE is currently trading at $59.32, up 16.02%.