New address withdraws $14.4M in HYPE from Coinbase

A new address starting with 0x66F has withdrawn 222,493 HYPE, worth $14.4 million, from Coinbase, Onchain Lens reported. Withdrawals from exchanges are typically interpreted as a sign of intent to hold. Meanwhile, another address starting with 0x643 withdrew 44,986 HYPE ($2.87 million) and 860.8 ETH ($1.35 million) from FalconX. This address currently holds 152,986 HYPE ($9.86 million) and 9,311 ETH ($14.58 million).