[A Whale Sells 100,000 HYPE and Goes Long on 500,000 LIT]
On December 29, approximately one hour ago, a certain wallet address sold 100,000 HYPE (approximately $2.5 million), then transferred the funds to another wallet and initiated a 5-hour TWAP to go long on 500,000 LIT (approximately $1.73 million). So far, 77,000 LIT (approximately $266,000) have been traded.
A related wallet address almost simultaneously unstaked 100,000 HYPE (approximately $2.54 million), which will unlock in 7 days. This address received a total of 684,415.94 HYPE during the TGE, making it the 20th largest airdrop recipient. The cumulative profit from HYPE alone has exceeded $17 million.