PANews reported on January 31 that, according to MLM monitoring, a wallet withdrew approximately 958,700 HYPE tokens from OKX and Bybit over the past three days, worth nearly $29 million. These tokens were then immediately split into multiple wallets and staked. Industry insiders speculate that this may have been a buy-and-stake operation conducted by Flowdesk on behalf of Hyperliquid Strategies (DAT).