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A certain address cluster unstaking 1 million HYPE tokens, potentially selling all of them.
CoinVoice has learned that, according to @nahnah64, a whale address cluster that previously unlocked 262,400 HYPE (approximately $6.9 million) is expected to increase its selling scale. The cluster, which holds 1 million HYPE (worth $26 million), is currently in the process of unlocking. It has already sold 600,000 HYPE (worth $1.6 million) and is likely to continue selling. All HYPE held by this cluster address was purchased within three weeks after the Hyperliquid TGE ended, and the funds came from Tornado Cash. The total holdings of the address cluster exceed 4.36 million HYPE. Additionally, according to market data, HYPE is currently priced at $26.669, with a 24-hour increase of 1.16%.