A smart money address cut $11.77 million in HYPE over 10 days, with estimated profit of $11.26 million and a return of over 2,214%

PANews reported on October 8 that, according to monitoring by Ai Yi, a smart money address has apparently reduced its HYPE position by $11.77 million over 10 days, with a cost as low as $3.87. Address 0x13d…cfa8a has cumulatively deposited 131,421 HYPE to Kraken since 09.28, at a deposit price of $89.56; if sold, it would realize a profit of $11.26 million, a return of up to 2,214%. Hyperliquid Labs announced on 09.30 that it would sell 3.75 million HYPE tokens (worth about $329 million) over the counter to a single institution that will not sell through the public market; the smart money's first suspected sale came before that announcement, and the latter two were yesterday and one hour ago, respectively.