Withdraws $2.09M from Bybit! According to on-chain monitoring by Onchain Lens, a wallet linked to BitMEX co-founder Arthur Hayes (@CryptoHayes
) has withdrawn 33,979 HYPE tokens worth approximately $2.09 million from Bybit’s hot wallet. The wallet (starting with 0xf7A4...) now holds around 34,066 HYPE. This move comes just days after Hayes publicly announced he sold his entire $HYPE position when the token was trading above $72. Since then, $HYPE has dropped roughly 23% to below $56, creating a classic dip-buying opportunity. Large withdrawals from exchanges are often interpreted as a bullish signal — moving tokens into self-custody for long-term holding rather than immediate selling. Hayes has been vocal about Hyperliquid ($HYPE) in the past, even calling it a high-conviction play in his writings. Key Highlights from the On-Chain Data: Recent withdrawal: 33.978K HYPE ≈ $2.09M (30 minutes ago)
Wallet now accumulating again after profit-taking
Shows conviction in $HYPE despite recent market correction
This event has sparked discussion in the crypto community: Is this Hayes reloading for the next leg up in Hyperliquid, or simply portfolio rebalancing? His influence often moves markets, so eyes are watching closely. For $HYPE holders and crypto traders, this is a notable development. On-chain smart money moves like this often precede renewed interest or price recovery. What’s your take? Bullish re-entry or just noise? Drop your thoughts below! Follow for more on-chain alpha, whale tracking, and crypto market insights. #HYPE #ArthurHayes #CryptoHayes #Hyperliquid #OnChain #CryptoNews #Bitcoin
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