A suspected single Whale holds over 14.66 million HYPE, with a peak value of 870 million USD.

On October 19, according to MLM monitoring and analysis, multiple wallet clusters related to HYPE are suspected to be controlled by the same entity, involving a total of 12.26 million HYPE, and are highly consistent with the activities of the well-known on-chain whale Technorevenant. Analysis shows that these wallets have exhibited consistent transaction times, execution patterns, and protocol usage habits over the past period. Among them, some wallet clusters had established large Aster hedging positions on Hyperliquid, coinciding with HYPE dumping behavior. If the wallets already verified under Technorevenant are included, their total HYPE holdings once reached 14.66 million (peaking at approximately 870 million USD), and then began to gradually reduce their holdings. Currently, the related wallets still hold about 9.59 million HYPE (approximately 34.7 million USD), of which 2.56 million have been unlocked, while the rest are in a staking state. Meanwhile, Technorevenant also holds about 1.42 million HYPE (approximately 51.4 million USD) in the DeFi protocol on HyperEVM, using it as collateral to borrow 17.7 million USDT. Several wallets involved in HYPE dumping share the same API key characteristics as other addresses of Technorevenant, with transaction execution patterns nearly identical. This sign has sparked speculation that these wallets are very likely to be controlled by the same person or team.