Hype Whale Extracts Nearly $91 Million in Tokens from Coinbase

A significant withdrawal of HYPE tokens from Coinbase has been observed over the past week. According to data from Onchain Lens, a whale extracted 6.241 million HYPE tokens (approximately $52.7 million) from Coinbase in the last four hours. This brings the total amount withdrawn by this wallet from Coinbase in the past week to 11.037 million HYPE tokens (around $90.9 million).

The value of these withdrawals is substantial, with a total worth of nearly $91 million. The exact identity and intentions behind these transactions are not specified.