According to Lookonchain monitoring, a wallet suspected to be associated with Matrixport deposited 403,289.5 HYPE tokens into Hyperliquid four hours ago, worth approximately $17.4 million, and began selling. As of now, the wallet has sold 100k HYPE tokens, receiving 4.24 million USDC.

HYPE-1.34%
USDC0.01%
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