Matrixport-linked address deposits $17.4M in HYPE to exchange, begins selling

Lookonchain reported that an address suspected to be associated with Matrixport has deposited 403,289 HYPE, worth approximately $17.4 million, to Hyperliquid and appears to have begun selling. According to on-chain data, the address is estimated to have sold 100,000 HYPE so far, realizing 4.24 million USDC.