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A certain whale sold 100,000 HYPE tokens and then went long on 500,000 LIT tokens using TWAP.
BlockBeats News, December 29 — According to MLM monitoring, a certain wallet address sold approximately 100,000 HYPE (about $2.5 million) about an hour ago, then transferred the funds to another wallet and initiated a 5-hour TWAP to go long on 500,000 LIT (about $1.73 million)—currently, 77,000 LIT (about $266,000) have been traded. Address: 0xd9225c2b6383f6e532c01c34d7588b1106b9e30b0xa71d664f7899dbe4ac768c1b162c4c5610e978aa. The related wallet address also unstaked another 100,000 HYPE (about $2.54 million) almost simultaneously, which will be unlocked in 7 days. This address received a total of 684,415.94 HYPE at TGE, making it the 20th largest airdrop recipient address. The total earnings from HYPE alone have exceeded $17 million.