Odaily Planet Daily reports that according to Onchain Lens monitoring, a wallet suspected to be linked to the financial services group BIT (formerly Matrixport) (0x4aFe...f70F) deposited 403,290 HYPE into HyperLiquid, valued at $17.3 million, and sold 100,000 HYPE at a price of $42.38, netting 423,800 USDC. The wallet still holds 303,290 HYPE, worth about $13 million, and may short the remaining portion.