According to a recent report by the on-chain data tracking platform Lookonchain, an anonymous new wallet address starting with 0x6436 attracted market attention by moving massive funds.

The address withdrew a total of 126,739 HYPE from major exchanges such as Bybit, OKX, Kraken, and Gate about 30 minutes ago. This amounts to assets worth approximately 9.33 million USD.

The industry generally interprets such large withdrawals from exchanges to personal wallets as 'accumulation' for long-term holding or establishing an asset safety net.