A newly created wallet withdrew 88,350 Hyperliquid tokens from multiple exchanges and used them for staking.

TechFlow reports that on June 17, according to on-chain analyst Onchain Lens (@OnchainLens), a newly created wallet, 0x643, withdrew 88,350 Hyperliquid (HYPE) tokens—valued at approximately $6.4 million—from OKX, Gate, Kraken, and Bybit. Since June 1, this wallet has cumulatively withdrawn 1,229,524 HYPE tokens, totaling approximately $85.54 million, all of which have been staked.