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Last week, $40 million position in HYPE at new address started selling HYPE in batches and going long on ETH

Summary: According to on-chain data, the mysterious new wallet address that invested $40 million in HYPE last week has once again sold 186,000 HYPE tokens (worth $8.6 million). The proceeds from selling HYPE were used to go long in the futures market, establishing a position of 27,236 ETH ($126 million). The selling was done in batches, ...

According to on-chain data, the mysterious new wallet address that invested $40 million in HYPE last week has once again sold 186,000 HYPE tokens (worth $8.6 million). The proceeds from selling HYPE were used to go long in the futures market, establishing a position of 27,236 ETH ($126 million). The selling was done in batches, with each batch consisting of 11,000 HYPE tokens, selling approximately $500,000 each time.

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Link: Last week, $40 million position in HYPE at new address started selling HYPE in batches and going long on ETH   [Copy]
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