Arkham monitoring data shows that a wallet suspected to be linked to the Humanity team transferred 70 million H tokens to crypto exchange Bybit over the past 24 hours, with the transaction valued at about $4.91 million. The wallet had previously sent more than $5.35 million worth of H to Sablier for on-chain vesting distribution. Data also shows that the address received 2.77 billion H tokens from the project team 109 days ago and still holds more than 2.6 billion H. According to the monitoring data, this is the first time the wallet has deposited tokens to a centralized exchange. With H trading largely flat over the past week, market analysis cited in the source said the large transfer could raise the risk of future price volatility.
According to ChainCatcher, Arkham monitoring data shows that a wallet suspected to be linked to the Humanity team transferred 70 million H tokens to crypto exchange Bybit over the past 24 hours, worth about $4.91 million.
The wallet had previously sent more than $5.35 million worth of H to Sablier for on-chain vesting distribution. Arkham data shows the address received 2.77 billion H tokens from the project team 109 days ago and still holds more than 2.6 billion H.
The monitoring data indicates this was the wallet’s first deposit to a centralized exchange. With the H token trading largely flat over the past week, market analysis cited by the source said the sizable transfer could increase the risk of subsequent price volatility.
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