Key facts
- Mt. Gox transferred 116.3 BTC to Bitstamp, valued at $8.16 million.
- Bitcoin's price fell to around $61,300 following these transfers.
- Mt. Gox creditors have a repayment deadline of October 31, 2026.
- Significant HYPE token withdrawals from Kraken and Coinbase were observed.
Mt. Gox, the defunct cryptocurrency exchange, has resumed moving Bitcoin from its wallets, contributing to a price drop to approximately $61,300. The exchange transferred 116.3 BTC ($8.16 million) to Bitstamp, following an earlier movement of 10,422.65 BTC ($739 million) to a new wallet, as part of its creditor repayment process which has an October 31, 2026 deadline. Meanwhile, the token HYPE demonstrated resilience amidst a broader market selloff. Significant institutional-scale transactions were observed, with three new wallets withdrawing a combined 557,406 HYPE ($40.2 million) from Kraken and staking it, while another wallet withdrew 180,000 HYPE ($13.3 million) from Coinbase. Wallet 0x6436 has accumulated 761,357 HYPE ($55.4 million) over three days, indicating a deliberate accumulation strategy regardless of market conditions.