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Matrixport-Linked Wallet Sells Final 99,612 HYPE, Completing 403,290-Token Exit

According to Onchain Lens, a Matrixport-linked wallet sold its final 99,612 HYPE on May 12, bringing total sales to 403,290 HYPE for 16.88 million USDC at an average price of $41.86.

USDC
HYPE

Fact Check
The Onchain Lens X post (https://x.com/OnchainLens/status/2054070056322298267) — the primary source cited in the claim — directly confirms every specific figure: 99,612 HYPE as the final batch, 403,290 HYPE total, $16.88M USDC proceeds, and $41.86 average price. PANews independently corroborates all figures citing the same source. The Odaily article provides a consistent prior data point: the wallet held exactly 99,612 HYPE after earlier sales of 303,678 HYPE, and 303,678 + 99,612 = 403,290, which matches the total precisely. The internal arithmetic is consistent and the claim is fully supported by the primary on-chain analytics source.
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Summary

According to Onchain Lens, a wallet linked to Matrixport completed its HYPE exit on May 12 by selling a final 99,612 HYPE. In total, the wallet sold 403,290 HYPE for 16.88 million USDC at an average price of $41.86 per token. The earlier report also noted a separate crypto whale purchase of 71,832 HYPE for 3.02 million USDC at an average price of $42, highlighting substantial large-holder activity around the same price area.

Terms & Concepts
  • USDC: A U.S. dollar-pegged stablecoin designed to maintain a 1:1 value with the dollar.
  • On-chain analytics: The analysis of blockchain transaction data to track wallet movements, token flows, and market activity.
  • Whale: A market participant with very large crypto holdings whose trades can draw attention because of their size.