Bitwise-Linked Address Withdraws $2.4 Million in HYPE From Wintermute

A Bitwise-linked address withdrew $2.4 million worth of HYPE from Wintermute, according to Onchain Lens. According to NS3.AI, the transfer involved HYPE tokens moved from Wintermute, a firm that provides market-making, institutional liquidity, and OTC trading services. The report did not provide additional details on the purpose of the withdrawal or whether the tokens were moved to an exchange, custody wallet, or another counterparty.