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Syncracy Capital Transfers $6.9M in HYPE Tokens to Bybit
12/03/2025, 07:06
AI SUMMARY
●Syncracy Capital moves 200,000 HYPE tokens to Amber Group wallet
●Funds worth $6.9 million were subsequently deposited to Bybit exchange
●Large-scale transfer suggests potential selling or liquidity management activity
On-chain data reveals that Syncracy Capital has transferred 200,000 HYPE tokens, valued at approximately $6.9 million, to Amber Group. These funds were subsequently deposited into the Bybit exchange shortly after the initial transfer.
The movement of such a significant amount of HYPE to a centralized exchange typically signals potential liquidity provision or selling intent. This transaction occurs amidst the ongoing market attention surrounding the Hyperliquid ecosystem.