MLM found a pretty weird cluster on Hyperliquid holding 4,363,073 HYPE ($158.2M) putting the cluster among the top 10 holders.
It used 47 newly created wallets, of which 16 currently hold the entire 4.36M HYPE.
The strange part?
All wallets were funded directly from TornadoCash with 10.2K ETH in total, which they sold for $37.56M and rotated into HYPE at an $8.8 average.
All wallets were funded by tornadocash between October 19, 2020 (06:15:14) and August 27, 2021 (06:19:53).
After more than three years of dormancy, the cluster became active one day after the HYPE TGE - on November 30, 2024, at 11:01:11 - and bought all its HYPE within the following 48 hours.
They’re now up over $120M on the rotation.
Is this person trying to hide something - or were those funds acquired through malicious activity? Who knows.
Wallets holding the HYPE, ranked from largest to smallest balance:
- https://t.co/n979kGCrtv
- https://t.co/Q6oTyqklGO
- https://t.co/KrQ0zApxVB
- https://t.co/zYFZfBDXxQ
- https://t.co/15o2c1EWcl
- https://t.co/xavSNiWdKt
- https://t.co/p08oiH8u5S
- https://t.co/VJyIhFIGIC
- https://t.co/1Tp672q6cL
- https://t.co/ni9TzMQJ2u
- https://t.co/r4Z6finyYL
- https://t.co/BqrlAlG7aa
- https://t.co/N6xvAXNrJ4
- https://t.co/ruEV4fwoLu
- https://t.co/3x1Y4wJ1oj
- https://t.co/m6VMHvxh8g
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🧵 Pro Tip: DLMM Multiday Risk Management Thread 📉💡
Ever wondered how we handle those massive dips with the DLMM Multiday strategy? Other than the trusty "-74% Bid Ask" that miraculously works, we’ve added even more rules, thanks to @foxtroteth. Here's how we manage the risk. 👇
For positions that Out Of Range below -74%, we can add another 50% position below that threshold. This means the max drawdown we’ll go for is -87%. (Fingers crossed, it doesn't go below that!) 🙏
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In normal circumstances, yes, we'd cut at -74%. BUT, we have a strategy if we choose not to cut under two conditions:
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A recent example: $Qude. It dipped to -85%, but still met both conditions — market cap >4M and strong volume. So I added a 3rd position, bringing it down to a max -87%. 🔥
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Another win under our belt! Not a huge gain, but considering the crazy drop, we didn't lose anything.
The key to risk management? Stick to the rules — market cap over 4M, volume is solid, and only then do we double down. The strategy works, and even in wild dips, we minimize losses. 💪