New wallet pulls 82,100 HYPE worth $5.16M from exchanges

Lookonchain reported that a newly created wallet, "0x6436", withdrew 82,100 HYPE from exchanges over the past two hours, worth about $5.16 million. On-chain data shows the address has withdrawn 1.14 million HYPE over the past week, valued at roughly $79.2 million, and has deposited the entire amount into Hyperliquid staking.