A suspected single whale holds over 14.66 million HYPE, with a peak value reaching $870 million.

BlockBeats News, 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 their activities closely match those of the well-known on-chain whale Technorevenant.

Analysis shows that these wallets have exhibited consistent trading times, execution patterns, and protocol usage habits over the past period. Among them, some wallet clusters established large Aster hedging positions on Hyperliquid, with timing overlapping with HYPE sell-off activities. If Technorevenant's wallets that have been identified are included, the total HYPE holdings once reached 14.66 million (with a peak value of about 870 million USD), after which gradual reductions began.

Currently, the related wallets still hold about 9.59 million HYPE (approximately 347 million USD), of which 2.56 million have been unlocked, while the remaining portion is staked. Meanwhile, Technorevenant also holds about 1.42 million HYPE (about 51.4 million USD) in DeFi protocols on HyperEVM, using them as collateral to borrow 17.7 million USDT0.

Multiple wallets involved in HYPE sell-offs share the same API key characteristics as other addresses of Technorevenant, with nearly identical trading execution patterns. This has led to external speculation that these wallets are highly likely to be controlled by the same individual or team.