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A wallet suspected to be associated with financial services group BIT (formerly Matrixport) has deposited 403,290 HYPE, worth $17.3 million, into HyperLiquid.

2026-05-07 06:13

Odaily reports, according to monitoring by Onchain Lens, a wallet suspected to be linked to financial services group BIT (formerly Matrixport) (0x4aFe...f70F) deposited 403,290 HYPE, valued at $17.3 million, into HyperLiquid. It subsequently sold 100,000 HYPE at a price of $42.38, swapping them for 4.238 million USDC. The wallet still holds 303,290 HYPE, worth approximately $13 million, and may sell the remaining portion.