A wallet tracked by on-chain watcher Ai Yi appears to have reduced its HYPE position over the past 10 days, with transfers to Kraken totaling 131,421 HYPE since Sept. 28. Based on a transfer price of $89.56, the tokens were worth about $11.77 million. The wallet, identified as 0x13d…cfa8a, reportedly built the position at a cost as low as $3.87.
If the deposited tokens were sold, the estimated profit would reach roughly $11.26 million, implying a return of 2,214%, according to the monitoring data cited by PANews. The report frames the activity as a likely reduction in holdings rather than a confirmed sale.
The timeline also overlaps with a separate HYPE-related announcement. On Sept. 30, Hyperliquid Labs said it had sold 3.75 million HYPE tokens over the counter in a deal valued at about $329 million. The buyer was described as a single institution, and the tokens would not be sold through the public market. Ai Yi’s tracking shows the wallet’s first suspected sale came before that announcement, while the next two took place yesterday and one hour ago.
According to monitoring by Ai Yi cited by PANews, a smart-money wallet appears to have reduced its HYPE holdings over the past 10 days, with the suspected trim valued at about $11.77 million.
The wallet, 0x13d…cfa8a, has transferred a cumulative 131,421 HYPE to Kraken since Sept. 28. The transfer price was listed at $89.56, putting the value of those tokens at roughly $11.77 million.
The address reportedly accumulated the position at a cost as low as $3.87. If the deposited tokens were sold, the wallet would be sitting on an estimated profit of $11.26 million, equal to a 2,214% return.
Separately, Hyperliquid Labs announced on Sept. 30 that it had sold 3.75 million HYPE tokens in an over-the-counter transaction valued at about $329 million. The buyer was a single institution, and the tokens would not be sold through the public market.
Ai Yi’s timeline shows the wallet’s first suspected sale came before that announcement. The next two suspected sales were recorded yesterday and one hour ago.
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