Maven11 Capital-Linked Wallet Withdraws $11.2M in HYPE From OKX

A wallet linked to Maven11 Capital withdrew 202,705 HYPE tokens, valued at about $11.17 million, from OKX in a single transaction, according to blockchain analytics platform Lookonchain.

Lookonchain first highlighted the transaction while questioning whether institutional investors had shifted from selling HYPE to buying the token.

The transaction comes with Hyperliquid’s HYPE trading at $54.98. The token has fallen 18% over the past month and is 28.5% below its all-time high of $76.87, reached on June 16, 2026.

Source: Lookonchain