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Dormant HYPE wallet moves tokens worth $23M to exchange after 2 years

Market News
09 Oct 2026
Tokenpost
View Source
Bullish
Dormant HYPE wallet moves tokens worth $23M to exchange after 2 years

A HYPE wallet that was inactive for nearly two years recently transferred large batches of its tokens to a centralized exchange. The wallet had accumulated 257,928 HYPE tokens at prices between $3.39 and $3.72, originally costing about $902,000. These holdings are now valued at over $23 million, roughly 26 times the purchase price. The wallet's owner remains unknown, but the staged transfers suggest a strategic move following the significant increase in token value.

HYPE trades at Rp1.493.697 on Pluang as of Oct 10, 2026 02:51 WIB, showing a slight 0.61% decline in the past day. The token's market cap stands at Rp381.55 trillion with a 24-hour trading volume of Rp13.69 trillion, indicating strong liquidity. This context highlights the significant value increase noted in the news about the HYPE whale's large position transfer to exchanges.

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