Large holders increased their exposure to HYPE as the token traded near the key $60 support area. According to Lookonchain, a newly created wallet withdrew 278,827 HYPE worth approximately $17.45 million from Coinbase Prime. Shortly afterward, wallet 0x2386 returned after a month-long pause and removed another 96,930 HYPE valued at roughly $6.01 million from BitGo. Together, the transactions accounted for more than 375,000 HYPE and over $23 million in withdrawals.