Bitwise Transfers Millions of HYPE Tokens in Series of Large Transactions

Bitwise BHYP Hyperliquid ETF has been actively transferring HYPE tokens to an exchange over several weeks.

According to Onchain Lens monitoring, within the past few days alone, Bitwise transferred 39,300 HYPE tokens worth approximately $2.13 million to an exchange just one hour ago.

This marks part of a larger trend, with a total of 280,700 HYPE tokens, valued at roughly $17.35 million, being moved to an exchange through multiple transactions in recent weeks.