Arkham data shows that a whale address believed to be linked to the Humanity team transferred 70 million H tokens, worth about $4.91 million, to crypto exchange Bybit over the past 24 hours. The same wallet had previously sent H tokens worth more than $5.35 million to Sablier. According to the monitoring data, the address received 2.77 billion H from the project team 109 days ago and still holds more than 2.6 billion H. The latest transfer marks the wallet’s first known deposit to a centralized exchange. With H trading largely flat over the past week, the large exchange inflow could raise the risk of near-term price volatility.
Odaily reported that, according to Arkham monitoring, a whale address transferred 70 million H tokens worth $4.91 million to crypto exchange Bybit over the past 24 hours.
Arkham’s data also shows that the wallet had previously sent H tokens worth more than $5.35 million to Sablier. The address is suspected to be linked to the Humanity team.
On-chain records indicate that the wallet received 2.77 billion H from the project side 109 days ago and still holds more than 2.6 billion H. This is the first time the wallet has deposited tokens to a centralized exchange. With H trading mostly flat over the past week, the large transfer may increase the risk of subsequent price volatility.
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