Markets Alpha(@MarketsAlpha):The same entity just received another 105k $HYPE ($6.5M) after selling most of the previously received HYPE few hours ago.

2026.07.16 19:28

The same entity just received another 105k $HYPE ($6.5M) after selling most of the previously received HYPE few hours ago.

Markets Alpha@MarketsAlpha

2026.07.16 13:54

An entity that used Anchorage to buy hyperliquid:native a few months ago has just sent its remaining 118K HYPE ($7.7M) back to Anchorage. This comes after it did the same thing yesterday, sending 112K HYPE ($7.5M). Minutes after receiving the tokens, Anchorage sent them to Gate, OKX, Bybit, and HyperCore, where they were fully sold over the following hours, pushing the price down roughly 3%. Since the pattern is very similar, the most likely outcome is that the recently received 118K HYPE will also be sold within the next 20 hours (in fact, just before publishing this post, they already moved 60k HYPE to OKX and Hypercore). Entity: