A wallet identified as a Hyperliquid whale, 0x410…75d08, transferred 7,863 ETH from Spark to Binance about one hour before the report in a move that on-chain analyst Ai Yi said may have amounted to a sale worth about $13.69 million. The same address had previously been described as making $3.5 million by shorting 16 altcoins on Hyperliquid, a decentralized perpetual futures platform. One week earlier, the wallet also moved 6,860 ETH, worth about $10.8 million, to an exchange, extending a pattern of shifting large ETH holdings from decentralized finance into a centralized trading venue.