Data: Suspected Humanity team associated wallet transferred 70 million H to CEX, approximately 4.91 million USD

According to Arkham monitoring, a wallet suspected to be associated with the Humanity team transferred 70 million H to the cryptocurrency exchange Bybit in the past 24 hours, valued at 4.91 million USD.

This wallet previously sent over 5.35 million USD worth of H to Sablier for on-chain allocation distribution. 109 days ago, this address received 2.77 billion H tokens from the project party and currently still holds over 2.6 billion H.

Monitoring shows that this deposit of tokens to a centralized exchange is the first such operation by this wallet. Due to the H token's price being relatively stable over the past week, the market analyzes that this large transfer may increase the risk of subsequent price volatility.