Monitored by Woofun AI, a cluster of addresses starting with 0x643 executed withdrawals of 88,350 HYPE tokens from major exchanges including OKX, Gate, Kraken, and Bybit. This specific movement represents an approximate value of $6.4 million, indicating a strategic shift in custody.

Concurrently, broader on-chain activity highlights a sustained accumulation trend. Since June 1st, these associated addresses have transferred an additional 1.2295 million HYPE tokens, valued at roughly $85.54 million, directly into staking protocols. This large-scale deposit into the staking system suggests a long-term holding strategy by significant market participants.