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Wallet Linked to BIT Deposits 403,290 HYPE Tokens ($17.3M) to HyperLiquid

Onchain analytics, as reported by Odaily Planet Daily, recently identified a significant transaction involving wallet 0x4aFe...f70F, which is believed to be associated with the financial services group BIT (formerly Matrixport). This wallet deposited a substantial 403,290 HYPE tokens, valued at approximately $17.3 million at the time of the transfer, into the HyperLiquid platform. Following this deposit, the wallet executed a sale of 100,000 HYPE tokens at a price of $42.38 per token, successfully acquiring 4.238 million USDC. The wallet currently retains a considerable holding of 303,290 HYPE tokens, estimated to be worth around $13 million, suggesting potential for further market movements and sales.
HYPE
HYPE-3.10%
USDC
USDC+0.01%
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