$HYPE just printed a new all-time high, and whales are still pulling massive amounts off exchanges.

Right after the breakout, a newly created wallet withdrew 198,534 HYPE worth roughly $11.62M from Bybit.

Fresh-wallet withdrawals of this size usually get attention because they often signal accumulation rather than short-term trading activity, especially when they happen immediately after a major price breakout.

With institutions, whales, and ETF-linked entities all continuing to pile into HYPE lately, the market is starting to feel extremely crowded on the bullish side.

Address: 0x41Ad8A9E76E78072AEA05e99BFB571F149eA4A93