BIT-associated wallet sells 200,000 HYPE, cashing out a total of $8.447 million

According to Onchain Lens monitoring, a wallet associated with BIT previously deposited 403,290 HYPE tokens, valued at approximately $17.3 million, into HyperLiquid. Subsequently, the wallet sold 200,000 HYPE tokens in two batches, cashing out a total of $8.447 million USDC at an average price of around $42.24. The wallet currently still holds 203,290 HYPE tokens, valued at approximately $8.65 million.