Whale Withdraws 60,392 HYPE from Gate, Now Holds $31.36M Worth

Whale Withdraws 60,392 HYPE from Gate, Now Holds $31.36M Worth

N
News Editor
2026-06-22 14:36:40
Onchain Lens detected a whale address withdrawing 60,392 HYPE worth $4.18M from Gate exchange. The address now holds 457,212 HYPE valued at $31.36M.
WhaleHYPEGateOnchainon-chain data

Whale Withdraws 60,392 HYPE from Gate

On-chain monitoring platform Onchain Lens detected a large HYPE token transfer on June 22, 2026. A whale address withdrew 60,392 HYPE tokens from the cryptocurrency exchange Gate, worth approximately $4.18 million. Such whale withdrawals are often interpreted by the market as a signal of long-term holding intent by large holders, drawing attention from the community.

Total Holdings Exceed 457,000 HYPE

After this withdrawal, the whale's total HYPE holdings increased to 457,212 tokens, valued at around $31.36 million at current market prices. This holding size is among the larger positions among HYPE token holders, indicating concentrated allocation by the address. According to Onchain Lens data, the address has not shown any outflow, suggesting a long-term holding stance.

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