A new wallet withdrew nearly 200,000 HYPE from Bybit and sold them, exchanging them for 8.15 million USDC.

CoinFeed reported on April 21 that, according to Onchain Lens monitoring, a newly created wallet withdrew 199,999 HYPE from Bybit, sold it at a price of $40.77 for 8.15 million USDC, and then withdrew funds from HyperLiquid and deposited them into Binance.