A whale dumped 100,000 HYPE tokens, then went long 500,000 LIT tokens via TWAP.

BlockBeats News, December 29th, according to MLM Monitor, a wallet address sold about 100,000 HYPE tokens (approximately $2.5 million) an hour ago, then transferred the funds to another wallet and initiated a 5-hour TWAP transaction to long 500,000 LIT tokens (approximately $1.73 million) — currently 77,000 LIT tokens have been traded (approximately $266,000).

Addresses: 0xd9225c2b6383f6e532c01c34d7588b1106b9e30b
0xa71d664f7899dbe4ac768c1b162c4c5610e978aa

The associated wallet address also unstaked another 100,000 HYPE tokens (approximately $2.54 million) almost simultaneously, which will unlock in 7 days. This address received a total of 684,415.94 HYPE tokens at TGE and is the 20th largest airdrop recipient address, with the cumulative earnings from just the HYPE token exceeding $17 million.