A certain address cluster undelegates 1 million HYPE coins or may sell them all

BlockBeats News, January 6th, according to @nahnah64, the whale address cluster that previously unstaked 262,400 HYPE (approximately 6.9 million USD) is expected to increase its selling scale. The cluster currently holds about 1 million HYPE (worth 26 million USD), of which approximately 600,000 HYPE (worth 1.6 million USD) have already been sold and is likely to continue selling.

All HYPE held by this cluster address was purchased within three weeks after the Hyperliquid TGE, with the funds coming from Tornado Cash. The total holdings of the cluster address exceed 4.36 million HYPE.

Furthermore, according to market data, HYPE is currently trading at 26.669 USD, with a 24-hour increase of 1.16%.