Jordi Alexander: Transfer HYPE business needs, not smashing deals

According to Lookonchain monitoring, Jordi Alexander, founder of Selini Capital, responded to the deposit of 490000 HYPE into OKX, stating that transfer is a business requirement, and Selini needs to use HYPE in transaction fee pledging, wallet, HyperEVM market making and arbitrage, HYPE auction and other links. Jordi Alexander does not believe that positions in Paradigm and Multicoin are being sold, and believes that HYPE's current valuation is generally reasonable.