Despite the regulatory FUD and institutional selling, big money is still quietly accumulating $HYPE. Over the past 5 days, 3 newly created wallets withdrew 165,425 $HYPE (~$9.16M) from FalconX. At the same time, institutions and teams have been moving $HYPE to sell, including recent HyperLabs unlocks and Flowdesk activity. But while some large holders are selling, these fresh wallets are taking millions of dollars worth of $HYPE off the market. Regulatory FUD + institutional selling ≠ everyone is bearish. It looks like some large players may be using the weakness to quietly build their positions. Fresh wallets, large buys, and aggressive accumulation are definitely worth watching. The market may be focused on the sellers, while smart money could be positioning on the other side