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X account @ai_9684xtpa said that an address has deposited to Kraken since September 28 131,421 tokens HYPE, and speculated that it may have reduced its position; the post also mentioned Hyperliquid...
HYPE OTC selling is underway, and a smart-money investor 10 days is suspected of reducing its position 11770000 USD $HYPE, with a cost as low as$3.87👀
Address 0x13d…cfa8a has cumulatively deposited to #09.28 since Kraken deposits 131,421 HYPE, at a deposit price of$89.56, which would yield a profit of 11260000 USD, for a return as high as 2214%
Hyperliquid Labs 09.30 announced plans to sell OTC 3750000 tokens of HYPE(worth approximately 3.29 https://t.co/FTUMMl3828
HYPE OTC selling is underway, and a smart-money investor 10 days is suspected of reducing its position 11770000 USD $HYPE, with a cost as low as$3.87👀
Address 0x13d…cfa8a has cumulatively deposited to #09.28 since Kraken deposits 131,421 HYPE, at a deposit price of$89.56, which would yield a profit of 11260000 USD, for a return as high as 2214%
Hyperliquid Labs 09.30 announced plans to sell OTC 3750000 tokens of HYPE(worth approximately 3.29 https://t.co/FTUMMl3828
The following is analysis, separate from reported facts. Verify important claims independently.
HYPE: If the address's exchange deposits and subsequent sale are genuine, they may increase market concerns about potential selling pressure and OTC selling.
This post was published by a single X account; the address is incomplete, and no independently verifiable on-chain transactions, Kraken deposit records, or evidence of an actual sale were provided.
Subject of interest:HYPE. Observation period: short term
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