Yeti0x transferred approximately $2.45 million in HYPE to Hyperliquid and began selling.

On November 4, according to OnchainLens monitoring, Yeti0x transferred out approximately $2.49 million worth of kHYPE from a multi-signature wallet, converted it into roughly 29,870 HYPE tokens valued at about $2.45 million, and deposited them into Hyperliquid.

The wallet subsequently began selling HYPE on the spot market.