According to ChainCatcher, MLM monitoring shows that a wallet address sold 100,000 HYPE tokens (approximately $2.5 million) about an hour ago, then transferred the funds to another wallet and initiated a 5-hour TWAP trade to long 500,000 LIT tokens (approximately $1.73 million) – currently 77,000 LIT tokens (approximately $266,000) have been traded.
The wallet associated with this address also unstaking an additional 100,000 HYPE tokens (approximately $2.54 million) around the same time, which will be unlocked in 7 days. This address received a total of 684,415.94 HYPE tokens during the TGE, making it the 20th largest airdrop recipient address, with cumulative earnings from HYPE alone exceeding $17 million.
