On June 2, Onchain Lens monitoring revealed significant trading activity involving HYPE tokens by large holders. A newly created wallet, identified as "0x9C4," withdrew 180,000 HYPE tokens valued at $13.18 million from Coinbase and allocated them for staking. Meanwhile, another wallet, "0x913," sold 238,811 HYPE tokens, generating $16.3 million in revenue and realizing a profit of $1.3 million. Despite the sale, wallet "0x913" retains 10,000 HYPE tokens in staking.