Last week, a $40 million worth position was established in HYPE, and the new address has started gradually selling off HYPE and longing ETH.

BlockBeats News, August 26th, according to on-chain data, the mysterious new wallet address that invested $40 million in HYPE last week has once again sold 186,000 HYPE tokens (worth $8.6 million).

He used the USDC obtained from selling HYPE to open a long position in the futures market, establishing a long position of 27,236 ETH ($126 million). This sale was conducted in batches, with each batch being 11,000 HYPE tokens, and each individual sale being approximately $500,000.