Lookonchain reported that a Galaxy Digital-related address (starting with 0xBED9) bought 158,100 HYPE ($8.8 million) in the past 2 hours. Meanwhile, another new address (starting with 0x4CBB) withdrew 536,247 HYPE ($29.87 million) from Coinbase over the past two days. Withdrawals from exchanges are generally interpreted as being for holding purposes.
