A single unidentified wallet has been withdrawing HYPE from Bybit and Kraken every day since March 1, pulling a cumulative 472,770 HYPE — worth roughly $18.96 million at an average entry price of $38. The position is now more than $1 million in the green.
The consistency of the accumulation — daily withdrawals across two exchanges over two full months — points to a deliberate, conviction-driven strategy rather than opportunistic buying. Sustained off-exchange accumulation at this scale typically signals a holder who intends to hold, not flip.
Whether this is a fund, a protocol treasury, or a high-net-worth individual remains unknown, but the pattern is one of the cleaner whale accumulation signals HYPE has seen since its breakout.
Original content
A mysterious whale has been buying $HYPE every day over the past 2 months!
Since Mar 1, the whale has withdrawn 472,770 $HYPE($18.96M) from #Bybit and #Kraken at an average price of $38, and is now up over $1M.
https://t.co/EVHcAD210L https://t.co/jaocsTRyh5
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