A certain address cluster has completed the unlocking of 262,400 HYPE and has started to sell off.

BlockBeats News, January 5th, according to MLM Monitor, the first batch of 262,400 HYPE tokens (approximately $6.9 million) associated with Tornado Cash-related wallet address clusters has been unlocked (unstaked) and promptly started being sold.

BlockBeats previously reported that on January 2nd, an entity that had been dormant for over 12 months unstaked 631,889 HYPE tokens (approximately $20.3 million) through three different wallets in the past three days.

All the HYPE tokens held by this entity were purchased within three weeks after the TGE ended and the funds came from Tornado Cash. It holds a total of over 4.36 million HYPE tokens, with the unstaked amount accounting for approximately 14% to 15% of its total holdings.