If sold, it would realize a profit of $11.26 million; a certain address疑似 reduced its HYPE position by $11.77 million over 10 days

Odaily reports: According to monitoring by on-chain analyst Aunt Ai, a certain address疑似 reduced its HYPE position by $11.77 million over 10 days, with a holding cost as low as $3.87. Since September 28, this address has cumulatively deposited 131,421 HYPE to Kraken at a deposit price of $89.56. If sold, it would realize a profit of $11.26 million, representing a return rate of 2214%.

Hyperliquid Labs announced on September 30 that it would sell 3.75 million HYPE over the counter, worth approximately $329 million, with a single institution as the buyer, and it would not be sold through the public market. The first suspected sell-off by this address occurred before the announcement, followed by two more instances yesterday and 1 hour ago, respectively.