TechFlow news, October 19 — According to on-chain analyst MLM's post on X, a cluster of suspicious addresses was discovered on Hyperliquid holding approximately 4,363,073 HYPE tokens (worth $158.2 million), placing this cluster among the top 10 holders. The cluster involves 47 newly created wallets, all potentially funded directly by TornadoCash with a total of 10,200 ETH. These wallets swapped into HYPE at an average price of $8.8.
Analysis reveals that 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 address cluster became active on the second day of HYPE's TGE (November 30, 2024, 11:01:11) and purchased HYPE within the following 48 hours. The current unrealized profit exceeds $120 million.
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