Suspect Bitkub Co-founder Address Cluster Transfers 34,100 ZEC to Hyperliquid, Sells 24,100 for 238 BTC

Odaily News, according to MLM monitoring, a wallet cluster suspected to be associated with Sakolkorn Sakavee, co-founder and former chairman of Thai crypto exchange Bitkub, has removed privacy protection and transferred approximately 34,100 ZEC (approximately $26.1 million) to decentralized exchange Hyperliquid within the past 24 hours.

According to on-chain analysis, the address cluster subsequently sold approximately 24,100 ZEC (approximately $18.5 million) and purchased 238 BTC. Currently, approximately 10,000 ZEC (approximately $7.6 million) still remains on the Hyperliquid platform, with related sell orders priced around $780.