New Wallet Withdraws 278,827 HYPE from Coinbase Worth $17.45M

News Editor

2026-06-24 01:01:21

A newly created wallet withdrew 278,827 HYPE tokens from Coinbase, valued at ~$17.45M, and may continue to withdraw more.

HYPEwhale movementCoinbase

According to on-chain monitoring platform Onchain Lens, a newly created crypto wallet address withdrew 278,827 HYPE tokens from the Coinbase exchange, valued at approximately $17.45 million at current market prices. The address had no previous on-chain transaction history, and monitoring suggests it may continue to withdraw more HYPE from Coinbase. This whale movement has drawn attention from on-chain analysts as the wallet shows signs of accumulation.

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

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