Wallets Linked to Hermeneutic Sell $15 Million in HYPE Tokens

On-chain data indicates that two wallets suspected of being associated with Hermeneutic have sold approximately $15 million worth of HYPE tokens over the last three days. The wallets still hold about 660,000 HYPE tokens, valued at roughly $56 million, and continue to reduce their positions gradually. Market analysts suggest that ongoing selling from large holders could exert short-term downward pressure on the price of HYPE.