MLM

Most of you who are active on CT are probably already in my Telegram channel, but I much prefer posting the valuable stuff there over Twitter.

So if you haven’t joined yet, make sure to do so. We’re close to hitting 30K subscribers.

t.me/mlmonchain

A wallet on Hyperliquid is currently short $51.7M worth of Anthropic $ANT across the two pre-markets listed by TradeXYZ and Entropy.

He is already up $550K and is still adding to the position. He has also collected almost $200K in funding fees and is currently earning around $90K a day in funding to hold the shorts.

hyperdash.com/track/0xecc846…

Binance’s weekly net outflows, including funds stolen in the hack, reached $15.4B.

That’s more than Bybit or Bitfinex holds individually, more than half of OKX’s holdings, and more than double Hyperliquid’s TVL.

It also exceeds the combined holdings of Gate, Bitget, and KuCoin.

Binance’s net outflows over the past 24h are worth more than all the USDC deposited on Hyperliquid lol.

Of the 3.75M HYPE sold OTC last month, 3.125M HYPE was staked on one wallet with the Hyperliquid Strategies x Unit validator. The remaining 625K HYPE was sent to another wallet on HyperEVM, where it stayed inactive for almost three weeks before sending 1 HYPE to a new wallet yesterday.

hyperevmscan.io/tx/0x390596be4…

That new wallet was funded the same day, through a few hops, by a wallet with multiple links to wallets used by TradeXYZ to buy tickers on Hyperliquid.

The 625K HYPE has now been transferred to the new wallet, moved from HyperEVM to Hypercore.

hypurrscan.io/address/0x5a4c…

Not 100% sure what this means or why the HYPE was split, but my main theory is that ICE was indeed the buyer of the 3.75M HYPE, which remains unconfirmed, and that the 625K HYPE may have been transferred to TradeXYZ as part of ICE’s investment. The onchain link strongly suggests that the 625K HYPE belongs to TradeXYZ.