Onchain Lens said Yeti0x moved KHYPE worth about $2.49 million out of a multisig wallet, converted the tokens into 29,870 HYPE worth about $2.45 million, and deposited the HYPE into Hyperliquid. The tracked wallet has already started selling HYPE on the spot market. The update points to an active token transfer and disposal flow involving a sizable position, with the sequence laid out by the on-chain monitoring account. No additional details on execution price, sale size, or timing beyond the monitoring update were disclosed in the source item.
According to Onchain Lens, Yeti0x moved KHYPE worth about $2.49 million from a multisig wallet and converted it into 29,870 HYPE, valued at about $2.45 million.
The HYPE was then deposited into Hyperliquid. Onchain Lens said the wallet has already started selling HYPE on the spot market.
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