在过去的两天中，一系列大型河马代币动作引起了加密货币市场的关注

在过去的5天中，一条鲸鱼累积了6.273亿美元的河马（128万美元），成为交易所以外的最大$ 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，一系列大型的河马令牌运动引起了加密货币市场的关注，因为过去两天中，价值超过6亿美元的令牌被整合到一个钱包中。

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.

正如通过区块链数据确认的那样，这些交易源于多个集中式交易所，并引发了人们对附属方内部重新分配策略，托管班次或未公开计划的猜测。

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

该活动的中心位于Wallet 0xd2d3…C3CE606CAA上，最近几个小时内获得了大量的河马令牌。

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从比特（Bitget）的10047.5亿代价转移，价值约为2.14亿美元，其次是从Gate.io的1008.83亿代币转移，价值2.224亿美元。

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.

两种交流都贡献了额外的大规模交易。 Gate.io贡献了另一批1,0854.5亿个令牌，总计2.238亿美元。 Bitget还增加了299.6亿次河马代币，其价值为6010万美元。 MEXC的参与标志着648.65亿个令牌转让，估计为1.329亿美元。

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.

在此期间发生了几次较小的转移，其中包括从MEXC转移2740.0亿个令牌和几个微型传输，分别为60个令牌。这些后一个运动可能是运营或系统生成的，与投资无关。

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.

链上数据提供商Lookonchain报告说，一只鲸鱼在过去五天中累积了6.273亿次河马令牌，价值128万美元。

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.

该积累使地址成为最大的河马持有人，而不是直接与交易所联系。购买似乎分布在几个平台上，与主要交换转移涉及的总体涌入到相同的目的地钱包中。

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.

这些收购的时机与集中交流的流入相吻合，这表明可以采取更广泛的策略。但是，河马令牌团队或关联方尚未发布有关合并原因的正式公告。

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.

分析师和市场参与者开始质疑转移的突然，集中性。准备工作可以包括集中流动性池，改变内部实体的策略或改变监护基础设施。但是，特定原因仍然要公开。

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.

我们还没有看到在最新跟踪中带有令牌的任何重新分配或外部交易。因此，这种模式增强了人们对所谓的活动不是常规交易行为的看法，而是故意和协调的。

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”项目标签下列出的河马代币尚未正式宣布有关钱包或计划中发生的事情的任何内容。目前，社区正在关注迹象，这些迹象将更多地阐明转移的原因，直到提供进一步的澄清为止。