Ai Yi said the trader, previously tied to a $13.68 million gain from shorting 16 altcoins, sent 6,860 ETH worth $10.8 million to Binance in the latest transfer.
A wallet identified by on-chain analyst Ai Yi as a "Hyperliquid whale" is suspected of selling Ether after moving large amounts of ETH to trading venues. Since June 24, the address has transferred $21.82 million of ETH to exchanges, including 6,860 ETH worth $10.8 million sent to Binance four hours earlier. Ai Yi said the wallet had previously earned $13.68 million by shorting 16 altcoins on Hyperliquid, a decentralized perpetual futures platform. If the latest ETH transfers were sold, the estimated loss would reach $5.485 million, including $2.86 million on the most recent tranche.