Based on Bijié Wǎng, Taiwanese music celebrity Machi Big Brother recently sold his entire 25.8 million USD Hyperliquid position at a 4.45 million USD loss. The sale occurred amid concerns over an upcoming 11.9 billion USD HYPE token unlock. Data shows Hyperliquid's market share has dropped from 65% in July to 33%, while competitors Aster and Lighter have seen significant gains. Analysts warn that the token release starting November 29 could create 41 million USD in supply pressure.
Machi Big Brother Sells 25.8M USD HYPE Position at 4.45M USD Loss
币界网Share
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.