Analyst: A suspicious cluster of addresses holding over 4.36 million HYPE has been identified, possibly funded by TornadoCash

According to ChainCatcher, on-chain analyst MLM disclosed on the X platform that a suspicious cluster of addresses was discovered on Hyperliquid, collectively holding about 4,363,073 HYPE (valued at $158.2 millions), making this address cluster one of the top 10 holders. The cluster involves 47 newly created wallets, all of which may have been directly funded by TornadoCash, with a total of 10,200 ETH involved. These wallets swapped for HYPE at an average price of $8.8.

Analysis shows that all wallets were funded by TornadoCash between October 19, 2020, 06:15:14 and August 27, 2021, 06:19:53. After more than three years of dormancy, this address cluster became active on the second day after the HYPE TGE (November 30, 2024, 11:01:11), and purchased HYPE within the following 48 hours. The current unrealized profit has exceeded $120 millions.