At the same time that Arthur Hayes started selling, another entity related to Andrew Kang (
@Rewkang ) sold 120k HYPE ($8M) in less than 30 minutes, pushing the hyperliquid:native price down more than 5%.
That entity already finished selling his stack, but Arthur Hayes, through Flowdesk, is still selling through a slow TWAP. He already has 165k HYPE left.
Just 5 minutes ago, another interesting participant appeared. Andreas Brekken (
@abrkn ), founder of SideShift, also started selling 50k HYPE.
At the same time, Hyperliquid Strategies (
@HypeStrat) is TWAPping more than $10M through Anchorage.
Arthur Hayes selling wallet:
markets.xyz/trader/0x964f9b5…
Related Andrew Kang wallet (not confirmed):
markets.xyz/trader/0x6426401…
Andreas Brekken wallet:
markets.xyz/trader/0x280e93b…