Anonymous whale withdraws $6.5M in HYPE from exchanges

An anonymous whale address beginning with 0x6436 withdrew 79,800 HYPE worth $6.5 million from exchanges including Gate, OKX, and Bybit over the past 10 hours, according to Lookonchain. Exchange withdrawals are typically interpreted as a sign of holding intent. The address has so far withdrawn 1.36 million HYPE at an average price of $70, worth $95.6 million.