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Shalini Nagarajan

Hyperliquid Says $HYPE Shorting Wallet Belongs to Employee Dismissed in Q1 2024

Decentralized perpetual futures exchange Hyperliquid stated that a wallet flagged by the community for shorting and selling $HYPE is controlled by a former staff member dismissed in Q1 2024. On-chain observers had tracked the address’s large $HYPE balance, alleged TWAP-style selling and links to HyperEVM after the token’s launch. In response, Hyperliquid reiterated its code of conduct, including a ban on team trading $HYPE derivatives and a zero-tolerance policy toward insider trading.
HYPE
HYPE+2.74%
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