After an address remained dormant for over 12 months, it suddenly took action in the past 3 days—unstaking 631,900 HYPE tokens through 3 different wallets all at once, worth approximately $20.3 million. This unstaking scale is significant, accounting for about 14% to 15% of the total holdings of that address.
Interestingly, all these HYPE tokens were purchased within the first 3 weeks after TGE, indicating early investors. More noteworthy is the source of funds—according to on-chain data tracking, these funds had previously gone through a privacy protocol. Such large-scale unstaking combined with changes in fund flow usually reflect that the holder may be adjusting their strategy or preparing for certain operations. Whether similar reduction actions will continue to appear remains to be observed.
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ChainSauceMaster
· 2h ago
Wow, pulling out 20.3 million dollars all at once, this guy is really serious.
Early investors are starting to reduce their holdings, this signal isn't looking too good...
After going through the privacy agreement and coming out again, what are they trying to hide?
Sleeping for over a year and suddenly moving three wallets within three days, this move is indeed a bit hardcore.
Let's wait and see if they continue to dump, feels like there are quite a few variables.
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DaoDeveloper
· 13h ago
ngl, 12 months dormant then suddenly liquifying 14-15% through privacy mixers... the tokenomics implications here are gnarly. early investor exit patterns usually signal something brewing fr
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RooftopVIP
· 13h ago
It's the same old trick again. Large investors have been silent for a year and suddenly start selling tokens. Whoever it is, they must be asking themselves what's going on, right?
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After going through the privacy agreement, it finally comes out. How guilty must they feel...
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30.3 million USD is being dumped just like that. Is this how early VCs usually play?
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Waiting to see the follow-up. It feels like this is just the beginning.
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Early investors have already sold 14%. Is this a bottom-fishing signal or a sign of impending exit?
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Splitting the sell-off across three wallets clearly indicates an attempt to hide something.
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Before large-scale reduction, they still used the privacy agreement. What are smart people hinting at?
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Once again, a dormant large investor awakens. I think a decline is very likely.
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The chips bought three weeks before TGE are now being sold. Early investors really called it early.
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WealthCoffee
· 13h ago
Suddenly taking action after sleeping for 12 months, this pace is a bit aggressive... Skipping over the privacy agreement is even more outrageous.
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gas_fee_trauma
· 14h ago
Whoa, early investors suddenly took action? Unstaked $20 million directly, how urgent must that be...
Sneaking around the privacy agreement, can't hold it together anymore, huh?
Is this wave going to dump the market or what? Stay alert.
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mev_me_maybe
· 14h ago
Suddenly transferring over 20 million after being silent for more than a year, this guy must either need money urgently or be planning a big move. The privacy agreement circulating in a set is indeed a bit ambiguous.
After an address remained dormant for over 12 months, it suddenly took action in the past 3 days—unstaking 631,900 HYPE tokens through 3 different wallets all at once, worth approximately $20.3 million. This unstaking scale is significant, accounting for about 14% to 15% of the total holdings of that address.
Interestingly, all these HYPE tokens were purchased within the first 3 weeks after TGE, indicating early investors. More noteworthy is the source of funds—according to on-chain data tracking, these funds had previously gone through a privacy protocol. Such large-scale unstaking combined with changes in fund flow usually reflect that the holder may be adjusting their strategy or preparing for certain operations. Whether similar reduction actions will continue to appear remains to be observed.