On-chain data provider Onchain Lens reported via X that an anonymous whale address (starting with 0xad9b) withdrew 824,350 HYPE from Coinbase over the past 17 hours, valued at $67.52 million. Typically, withdrawals from exchanges are interpreted as holding purposes. According to Onchain Lens, this whale is estimated to have withdrawn a total of 865,840 HYPE ($70.64 million).