Maven 11-Linked Wallet Moves $11.2M in HYPE From OKX, Data Shows

BitcoinWorld Maven 11-Linked Wallet Moves $11.2M in HYPE From OKX, Data Shows A wallet believed to be associated with crypto venture capital firm Maven 11 has withdrawn 202,705 HYPE tokens, valued at approximately $11.17 million, from the OKX exchange, according to on-chain analytics platform Lookonchain.

The transaction occurred roughly four hours ago and has drawn attention from market observers who often interpret such exchange outflows as a sign of accumulation.

Details of the Transaction The wallet address, which has not been publicly named, moved the HYPE tokens in a single transaction. Lookonchain flagged the transfer in a post on X (formerly Twitter), noting the suspected link to Maven 11.

The firm, known for its investments in blockchain and crypto projects, has not publicly commented on the withdrawal as of press time.