A wallet suspected to be linked to the Humanity team transferred 70 million H tokens to a CEX, worth $4.91 million

Odaily News: According to Arkham monitoring, a whale address transferred 70 million H tokens worth $4.91 million to the cryptocurrency exchange Bybit over the past 24 hours. This wallet had previously also sent H tokens worth over $5.35 million to Sablier.

Monitoring shows that this address is suspected to be a wallet linked to the Humanity team. It received 2.77 billion H tokens from the project team 109 days ago and currently still holds over 2.6 billion H. This deposit of tokens to a centralized exchange is the first such operation by this wallet. Since the price of H tokens has been largely flat over the past week, this large transfer may increase the risk of subsequent price volatility.