Data: Wallet Linked to Suspected Humanity Team Transfers 70 Million H Tokens Worth $4.91 Million to CEX

According to Arkham monitoring data, a wallet linked to the suspected Humanity team transferred 70 million H tokens, worth $4.91 million, to cryptocurrency exchange Bybit over the past 24 hours.

The wallet previously sent over $5.35 million in H to Sablier for on-chain vesting distribution. 109 days ago, the address received 2.77 billion H tokens from the project team and currently still holds over 2.6 billion H. Monitoring shows this deposit of tokens to a centralized exchange is the wallet's first such operation. As the H token price has remained largely flat over the past week, market analysis suggests this large transfer may increase the risk of subsequent price volatility.

[ChainCatcher]