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