Monitored by Woofun AI, an address linked to Arthur Hayes executed a withdrawal of 44,156 HYPE from Gate, valued at approximately $2.93 million. This on-chain movement follows a period of active trading where the entity completed two HYPE swing trades over the past two weeks.

The trading activity generated a total profit of roughly $508,000 for the address. The withdrawal suggests a consolidation of gains or a shift in liquidity strategy following the profitable short-term positions.