A whale sold 100,000 HYPE tokens and then long 500,000 LIT tokens via TWAP.
TL;DR
A major wallet sold $2.5M in HYPE tokens, then used TWAP to long $1.73M in LIT tokens over 5 hours, with $266K traded so far. It also unstaked $2.54M in HYPE, unlocking in 7 days, and has earned over $17M from HYPE airdrops.
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According to ChainCatcher, MLM monitoring shows that a wallet address sold 100,000 HYPE tokens (approximately $2.5 million) about an hour ago, then transferred the funds to another wallet and initiated a 5-hour TWAP trade to long 500,000 LIT tokens (approximately $1.73 million) – currently 77,000 LIT tokens (approximately $266,000) have been traded.
The wallet associated with this address also unstaking an additional 100,000 HYPE tokens (approximately $2.54 million) around the same time, which will be unlocked in 7 days. This address received a total of 684,415.94 HYPE tokens during the TGE, making it the 20th largest airdrop recipient address, with cumulative earnings from HYPE alone exceeding $17 million.