Odaily Planet Daily News — According to onchain tracking platform Onchain Lens, a wallet tagged as being linked to BitMEX co-founder Arthur Hayes recently transferred 85,714 HYPE tokens to cryptocurrency exchange Bybit. The transaction's total value stood at roughly $5.73 million, implying an average deposit price of $66.85 per HYPE.
HYPE is the native token of the decentralized derivatives protocol Hyperliquid, which has drawn considerable attention amid rising platform trading volumes. Arthur Hayes is a well-known figure in crypto circles, and onchain movements of his associated wallet are often treated as a proxy for market sentiment. As of press time, it remains unclear whether the deposit is intended for a potential sale or for other trading purposes.
Onchain Lens specializes in monitoring large wallet flows, and this transaction data has already been synced to its public dashboard. Odaily Planet Daily will continue to track any further moves from the wallet.