The entity funded directly from Tornado Cash, which received a total of 10.2K ETH and is identified by @mlmabc, continues to aggressively unwind its HYPE position.
Earlier today, they sold $8.2M worth of HYPE on the open market. Roughly $2.9M worth of HYPE remains in their spot balance.
Breakdown of today’s sells:
0x9abe126127818c6440db88cf32a222e47193e0b0 sold $5,359,521.87 at an average price of $24.2284
0x1f68cb6b0385844178dd3865e7dc6320c2a88053 sold $2,914,171.34 at an average price of $23.9669
These executions pushed the HYPE spot market on Hyperliquid to a peak delta of -$3.4M in taker sells.
They are still holding around 3M HYPE, valued at roughly $73M at current prices. Of this, 1.3M HYPE is in the process of unstaking and scheduled to become liquid by January 19.
CET unstaking schedule:
1/13/2026, 10:10:24 – 238,948 HYPE
1/15/2026, 10:22:27 – 318,133.25 HYPE
1/15/2026, 10:16:50 – 274,341.45 HYPE
1/16/2026, 10:25:13 – 247,278.62 HYPE
1/19/2026, 10:54:41 – 242,461.88 HYPE
Based on their past behavior after previous unstaking events, it is reasonable to expect this entire tranche to be sold, with a high likelihood of additional HYPE being unstaked in the coming days.
You can track this entity and receive Telegram notifications for their executions here:
https://t.co/nngap2Wz5j
Track market flow across both spot and perp markets here:
https://t.co/ddCHfQQTb6