Interesting is happening with $H ahead of its upcoming unlock.

An entity linked to Hex Trust has accumulated 72.23 million H tokens in just the past 4 hours, equivalent to roughly 2.55% of the token's circulating supply.

Back in April, the #H Foundation made major changes to the vesting schedule for early investors. Participants were given a choice: either extend their lock-up period or receive their tokens in full on June 26 at a steep discount, reportedly taking a 70% haircut. Notably, Hex Trust is known to be one of the project's strategic investors.

Whether these recent transfers are connected to the upcoming unlock remains unclear, but the scale of the accumulation is hard to ignore.

What's even more notable is that the wallets involved now collectively hold 129.35 million H, giving them control of more than 3.58% of the token's circulating supply. That's a significant concentration in the hands of a single affiliated entity.

With the unlock date approaching, traders will likely be watching these wallets closely to see whether this is simply internal custody movement, strategic positioning, or preparation for the next phase of distribution.

Entity: https://arkm.com/explorer/entity/6d582bd2-401b-4228-92c0-941a65d25abc