Wallet Dumps HYPE Tokens in 3 Days, Suffers $3.72 Million Loss

Major HYPE Dump Shakes Market

According to blockchain analytics, on January 31, a newly created wallet identified as '0x9D2' purchased $44.99 million worth of HYPE tokens three days ago and proceeded to sell the entire holding for $41.27 million today, resulting in a $3.72 million loss.

This event has reignited discussions around short-term speculation and highlighted the volatility inherent in the cryptocurrency market.