Analyst: A suspicious address cluster holding over 4.36 million HYPE has been discovered, possibly funded by TornadoCash

ChainCatcher news, according to on-chain analyst MLM's post on platform X, a cluster of suspicious addresses has been discovered on Hyperliquid, collectively holding approximately 4,363,073 HYPE (worth $158.2 million), placing this address cluster among the top 10 holders. It involves 47 newly created wallets, all of which may have been directly funded by TornadoCash, with a total amount of 10,200 ETH involved. These wallets exchanged 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 cluster of addresses became active on the second day of the HYPE TGE (November 30, 2024, 11:01:11) and purchased HYPE within the following 48 hours, currently realizing a profit of over $120 million.