New Wallet Withdraws 573,000 HYPE From Coinbase Worth $39.88 Million

News Editor

2026-06-16 04:29:04

According to Onchain Lens monitoring cited by Odaily, a newly created wallet withdrew 573,000 HYPE from Coinbase, with the transfer valued at $39.88 million.

HYPECoinbaseOnchain LensWhale MovementOn-chain Monitoring

Odaily reported that, according to monitoring by Onchain Lens, a newly created wallet withdrew 573,000 HYPE from Coinbase. The transfer was valued at $39.88 million based on the figure cited in the report.

The report did not disclose the owner of the new address or provide additional transaction details. The central information is the large HYPE outflow from Coinbase to a newly created wallet, as tracked through public on-chain monitoring data by Onchain Lens.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.

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