According to TechFlow TechFlow, on May 26, Hyperinsight monitoring showed that the TWAP (time-sharing) order direction for HYPE spot trading on Hyperliquid reversed today, shifting from being dominated by buyers to being dominated by sellers.
Some of the related orders have already been fulfilled. It is estimated that HYPE's net selling pressure on TWAP will reach $900,000 in the next 24 hours, compared to net buying of approximately $7 million on both Thursday and Friday last week.
Of the existing orders, the largest single sell order (0x519c) planned to sell approximately 48,000 HYPE tokens, and more than half of them have been filled. Currently, the holder still holds 77,200 HYPE tokens (worth approximately US$4.6 million).
