The deep night in the crypto market always features a grand show. The actions of the whales are never just simple buying and selling—they are carefully orchestrated fund dances.

At 2:29 AM. While most people are still dreaming, a whale suddenly makes a move, selling $2.5 million worth of HYPE tokens. But this isn't just a profit-taking move. The funds are immediately transferred into a new wallet, followed by a 5-hour TWAP strategy—aiming to acquire 500,000 LIT tokens.

That same night, another whale named "pension-usdt.eth" quietly adds to their ETH short position, holding 30,000 ETH with an unrealized profit of up to $88.245 million. The bullish and bearish sentiments unfold under the same night sky.

**Who is the guy selling HYPE?**

On-chain data makes it crystal clear. This address received 684,415.94 HYPE tokens at the token generation event, ranking in the top 20 among all airdrop recipients. Just this one project has already accumulated over $17 million in paper gains.

His trading technique is very seasoned: using TWAP strategies to split large orders into smaller ones, executed at fixed time intervals. So far, 77,000 LIT tokens have been traded, roughly worth $266,000, with only 15% of the planned amount completed.

The brilliance of this move lies in—avoiding large trades that could cause a market dump. This is a must-know skill for veteran whales. They buy and sell subtly, but their influence is everywhere.