If sold, it would profit $11.26 million, an address疑似 reduced its HYPE position by $11.77 million in 10 days

Odaily: According to monitoring by on-chain analyst Aunt Ai, an address疑似 reduced its HYPE position by $11.77 million within 10 days, with a holding cost as low as $3.87. Since September 28, this address has deposited a total of 131,421 HYPE to Kraken at a deposit price of $89.56. If sold, it would profit $11.26 million, with 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 sale by this address occurred before the announcement, followed by the next two occurring yesterday and 1 hour ago, respectively.