A wallet linked to fund Monetalis appears to have rotated part of its holdings, according to on-chain data tracked by Lookonchain. The wallet sold about 3.72 million UNI through Cumberland in a transaction valued at roughly $13 million, then bought 171,543 HYPE worth about $9.56 million. The activity points to a shift in capital allocation from UNI to HYPE.
It is still unclear whether the trades reflect an official portfolio adjustment by the fund itself. Lookonchain described the wallet as related to Monetalis, while the on-chain flow only shows that funds moved out of UNI and into HYPE. No formal statement from Monetalis was cited in the report.
The transactions place the wallet under closer market watch because of the size of the move and the use of Cumberland in the sale. For now, the available information is limited to the recorded transfers and trade values visible on-chain.
ChainCatcher reported, citing monitoring by Lookonchain, that a wallet tied to fund Monetalis may have carried out an asset rotation.
On-chain data shows the Monetalis-linked wallet sold about 3.72 million UNI through Cumberland, worth roughly $13 million, and then bought 171,543 HYPE valued at about $9.56 million.
It is not yet possible to confirm whether the transactions represent a formal portfolio adjustment by the fund, but the visible capital flow on-chain has shifted from UNI to HYPE.
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