A certain smart-money wallet 10 days ago was suspected of reducing its position 11770000 USD HYPE, with expected profits of 11260000 USD
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AT A GLANCE
An address was suspected of depositing 131400 tokens of HYPE, potentially generating a profit of 11260000 USD。
Article
A certain smart-money wallet 10 days reduced its position 11770000 USD HYPE, with expected profits of 11260000 USD, and a return exceeding 2214%
PANews October 8 According to the news, Ai Auntie's monitoring shows that a certain smart-money wallet 10 days ago was suspected of reducing its position by 11770000 USD HYPE, with a cost as low as 3.87 USD. The address 0x13d…cfa8a has cumulatively deposited 09.28 since Kraken 131,421 HYPE, at a deposit price of 89.56 USD, which would result in a profit of 11260000 USD, for a return as high as 2214%。Hyperliquid Labs 09.30 announced an over-the-counter sale of 3750000 tokens of HYPE(worth approximately 329000000 USD). The buyer is a single institution and will not sell through the public market. This smart-money wallet's first suspected sale occurred before the announcement; the latter two occurred yesterday and 1 hours ago.
PANews stated that an address has cumulatively deposited 09.28 with Kraken since 131,421 tokens of HYPE。
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The report estimated the deposit price at 89.56 USD, which would result in a profit of 11260000 USD, for a return of 2214%。
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The address is 0x13d…cfa8a, and the report described it as “a certain smart-money wallet.”
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Hyperliquid Labs On 09.30 announced an over-the-counter sale of 3750000 tokens of HYPE, with a single institution as the buyer that will not sell through the public market.
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The report stated that the address's first suspected sale occurred before the announcement above, and the latter two occurred yesterday and 1 hours ago.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This news says that an unidentified address transferred a large amount of HYPE to Kraken. Based on this, the report speculated that it might be preparing to sell and calculated the potential profit. However, transferring assets to an exchange does not mean that a public-market sale has been completed, and the profit figure is based on a hypothetical calculation.
Why it matters to readers
If these HYPE are subsequently sold, the market may focus on potential selling pressure. At present, the evidence only clearly establishes the deposits and the speculation in the report; it cannot confirm that an actual transaction occurred or that it was directly linked to the over-the-counter sale.
“Depositing into an exchange” may commonly be preparation for a sale, but it may also be used for custody or other settlement purposes. When you see “if sold” and “suspected,” they should be understood as unconfirmed information.
Risks and unknowns
The evidence cannot confirm whether 131,421 tokens of HYPE have already been sold.
It cannot be confirmed that the address is directly associated with the Hyperliquid Labs over-the-counter sale arrangement.
The evidence does not provide an on-chain transaction link or execution record that can be independently verified.
“Position reduction,” potential profits, and return rates are speculative or hypothetical calculations reported in the news.
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HYPE
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