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: https://t.co/cXwT66Z4xp
Related Andrew Kang wallet (not confirmed): https://t.co/A4M1fK6ABh
Andreas Brekken wallet: https://t.co/AGUaiJjgFZ
ETF buyers purchased $80 million of $HYPE in its first week, with some already up more than 40%
and you don’t think we’ll see massive ETF inflows next week???
long your longs, the top is not in