On-chain Whale TWAP Order Sells 115,000 HYPE Tokens, Worth Approximately $5 million
BlockBeats News, April 27, according to Hyperinsight monitoring, in the past 4 hours, after HYPE surged above $42, the holder of HYPE at the 0xa44 starting address on the Hyperliquid platform initiated a large-scale sell-off of its spot HYPE through Time-Weighted Average Price (TWAP) with 5 separate sell orders, totaling 115,470 tokens, equivalent to approximately $5 million at the current price.
If this round of selling is completed, the HYPE spot holdings of this address will be reduced to around $4 million. In addition, the address still holds a small amount of HYPE short positions and has set a market buy order at $41.5 to close the position at this price.
Address: 0xa445a0a15b1d50fa0c4bfe6796d9447e0da5329d
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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