在過去的兩天中，一系列大型河馬代幣動作引起了加密貨幣市場的關注

在過去的5天中，一條鯨魚累積了6.273億美元的河馬（128萬美元），成為交易所以外的最大$ hippo持有人。

Recently, a series of large HIPPO token movements have caught the crypto market’s attention as more than $600 million worth of tokens were consolidated into a single wallet over the past two days.

最近，一系列大型的河馬令牌運動引起了加密貨幣市場的關注，因為過去兩天中，價值超過6億美元的令牌被整合到一個錢包中。

As confirmed through blockchain data, these transactions originate from multiple centralized exchanges and have sparked speculation about internal reallocation strategies, custodial shifts, or undisclosed plans by affiliated parties.

正如通過區塊鏈數據確認的那樣，這些交易源於多個集中式交易所，並引發了人們對附屬方內部重新分配策略，託管班次或未公開計劃的猜測。

At the center of the activity lies the wallet 0xd2d3…c3ce606caa, which has received an extensive volume of HIPPO tokens in recent hours.

該活動的中心位於Wallet 0xd2d3…C3CE606CAA上，最近幾個小時內獲得了大量的河馬令牌。

Notable inflows include a 104.875 billion token transfer from Bitget, valued at approximately $214 million, followed by a 100.083 billion token transfer from Gate.io worth $222.4 million.

值得注意的流入包括從比特（Bitget）的10047.5億代價轉移，價值約為2.14億美元，其次是從Gate.io的1008.83億代幣轉移，價值2.224億美元。

Both exchanges have contributed additional large-scale transactions. Gate.io contributed another batch of 108.545 billion tokens, amounting to $223.8 million. Bitget also moved an additional 29.996 billion HIPPO tokens, with a recorded value of $60.1 million. MEXC’s involvement was marked by a 64.865 billion token transfer, estimated at $132.9 million.

兩種交流都貢獻了額外的大規模交易。 Gate.io貢獻了另一批1,0854.5億個令牌，總計2.238億美元。 Bitget還增加了299.6億次河馬代幣，其價值為6010萬美元。 MEXC的參與標誌著648.65億個令牌轉讓，估計為1.329億美元。

Several smaller transfers occurred during this timeframe, including a 27.403 billion token move from MEXC and a few micro-transactions of 60 tokens each. These latter movements are likely operational or system-generated and are not investment-related.

在此期間發生了幾次較小的轉移，其中包括從MEXC轉移2740.0億個令牌和幾個微型傳輸，分別為60個令牌。這些後一個運動可能是運營或系統生成的，與投資無關。

On-chain data provider Lookonchain reported that a single whale has accumulated 627.73 million HIPPO tokens over the past five days, valued at $1.28 million.

鏈上數據提供商Lookonchain報告說，一隻鯨魚在過去五天中累積了6.273億次河馬令牌，價值128萬美元。

This accumulation makes the address the largest HIPPO holder not directly linked to an exchange. The purchases appear to be spread across several platforms, aligning with the overall influx into the same destination wallet involved in the major exchange transfers.

該積累使地址成為最大的河馬持有人，而不是直接與交易所聯繫。購買似乎分佈在幾個平台上，與主要交換轉移涉及的總體湧入到相同的目的地錢包中。

The timing of these acquisitions coincides with the inflows from centralized exchanges, suggesting a broader strategy could be in place. However, the HIPPO token team or related parties have not released an official announcement regarding the reason for the consolidation.

這些收購的時機與集中交流的流入相吻合，這表明可以採取更廣泛的策略。但是，河馬令牌團隊或關聯方尚未發布有關合併原因的正式公告。

Analysts and market participants have begun to question the sudden, concentrated nature of the transfers. Preparations can include centralizing a liquidity pool, changing an internal entity’s strategy, or changing custody infrastructure. However, the specific reason is still to be made public.

分析師和市場參與者開始質疑轉移的突然，集中性。準備工作可以包括集中流動性池，改變內部實體的策略或改變監護基礎設施。但是，特定原因仍然要公開。

We have not seen any redistribution or outward transactions from the wallet taking the tokens at the latest tracking. Therefore, this pattern reinforces the perception that a purported activity is not routine trading behavior but is, instead, deliberate and coordinated.

我們還沒有看到在最新跟踪中帶有令牌的任何重新分配或外部交易。因此，這種模式增強了人們對所謂的活動不是常規交易行為的看法，而是故意和協調的。

The HIPPO token, listed under the ‘sudeng’ project label, has not officially announced anything on what has been happening on the wallet or their plans. For now, the community is watching for signs that will shed more light on the reason of the transfer until further clarification is provided.

在“ Sudeng”項目標籤下列出的河馬代幣尚未正式宣布有關錢包或計劃中發生的事情的任何內容。目前，社區正在關注跡象，這些跡象將更多地闡明轉移的原因，直到提供進一步的澄清為止。