Related wallet: Arthur Hayes withdraws 85,700 HYPE funds from Bybit.

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A wallet linked to Arthur Hayes has just withdrawn an additional 85,714 HYPE tokens, worth approximately $5.37 million, from Bybit.

This move was noted by Onchain Lens on May 25th. This is the latest withdrawal from a wallet address associated with the BitMEX founder, with the transaction value estimated at approximately $537 per HYPE.

The purpose of the transaction and the remaining HYPE balance in the wallet after this withdrawal are currently unclear. The published data only shows the amount of Token that have been transferred out of the Bybit exchange.

HYPE is a Token associated with the Hyperliquid protocol. However, the recorded information does not provide further details about the holding or allocation plans for the Token after delisting from the exchange.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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