TechFlow reported on June 17 that, according to monitoring by on-chain analyst Onchain Lens (@OnchainLens), a newly created wallet identified as 0x643 carried out a large Hyperliquid (HYPE) withdrawal and staking transaction. The wallet withdrew a total of 88,350 HYPE from multiple trading platforms, including OKX, Gate, Kraken and Bybit. The amount was valued at approximately $6.4 million based on the figures cited in the monitoring report.
The latest transaction is part of a larger set of HYPE movements linked to the same address. Since June 1, wallet 0x643 has cumulatively withdrawn 1,229,524 HYPE from exchanges, with a total value of about $85.54 million. The report states that all of the withdrawn HYPE has been used for staking.
The disclosed on-chain activity centers on three elements: a newly created wallet, withdrawals from several major trading platforms, and the staking of the withdrawn assets. The monitored platforms named in the report are OKX, Gate, Kraken and Bybit, and the asset involved is Hyperliquid (HYPE).