3.75 Million HYPE OTC Trade Follow-Up Surfaces: ICE Suspected of Transferring 625,000 HYPE to TradeXYZ

深潮 TechFlow reports that, on Oct. 29, according to MLM monitoring, of the 3.75 million HYPE sold last month by an address through an OTC trade, 3.125 million were staked to a wallet and delegated to validators in the Hyperliquid Strategies and Unit collaboration, while the remaining 625,000 HYPE were transferred to another wallet on HyperEVM. After being inactive for nearly three weeks, that wallet transferred 1 HYPE to a new wallet yesterday for testing, and about an hour ago, the remaining 625,000 HYPE were fully transferred to the new wallet and cross-chain transferred from HyperEVM to HyperCore.

MLM said the new wallet received funds that day through multiple intermediate addresses, and the funding-source wallet is associated with multiple wallets used by TradeXYZ to purchase tokens on Hyperliquid. While the specific purpose of the transaction cannot yet be confirmed, one possible explanation is that ICE may have been the buyer in the earlier 3.75 million HYPE OTC trade, and the 625,000 HYPE may have been transferred to TradeXYZ as part of ICE's investment.

Source: 深潮 TechFlow