Whale Sells 100,000 HYPE for $2.5M, Deploys TWAP Strategy to Acquire 500,000 LIT

A whale address sold 100,000 HYPE worth approximately $2.5M on Dec. 29 and transferred the proceeds to execute a 5-hour TWAP order for 500,000 LIT valued at roughly $1.73M, MLM data show. The TWAP has purchased 77,000 LIT for about $266,000 so far, involving addresses 0xd9225c2b6383f6e532c01c34d7588b1106b9e30b and 0xa71d664f7899dbe4ac768c1b162c4c5610e978aa. A linked wallet unstaked an additional 100,000 HYPE worth approximately $2.54M at nearly the same time, which will unlock in 7 days. The address received 684,415.94 HYPE at TGE as the 20th-largest airdrop recipient and has generated over $17M in cumulative HYPE profits.