BlockBeats News, January 6th, according to @nahnah64, the whale address cluster that previously unbonded 262,400 HYPE tokens (approximately $6.9 million) is expected to increase its sell-off scale. The cluster, which holds 1 million HYPE tokens (worth $26 million), is currently in the unlocking process. It has already sold 600,000 HYPE tokens (worth $1.6 million) and is likely to continue selling.
All HYPE held by this cluster address was purchased within three weeks after the Hyperliquid TGE, and the funds came from Tornado Cash, with the cluster’s total holdings exceeding 4.36 million HYPE tokens.
Furthermore, according to market data, HYPE is currently trading at $26.669, with a 24-hour increase of 1.16%.
